At 56, the average U.S. homebuyer is now 7 years older than a year ago—shutting millennials out of the market

Homebuyers in the U.S. are older than they ever have been, and younger buyers are increasingly being crowded out of the market.

The median U.S. homebuyer is now 56, up seven years from 49 last year, according to a Monday survey from the National Association of Realtors. In the 2010’s, the typical homebuyer was in their low to mid-40s. These older buyers are also slightly wealthier, with a median household income of $108,800, up from 107,000 in 2022.