Redfin Reports the Typical First-Time Homebuyer is 35 Years Old
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
The median age of first-time buyers dipped slightly from 2024 to 2025, from 36 to 35.For repeat buyers, the median age is 47, down from a peak of 52. SEATTLE--(BUSINESS WIRE)--The typical first-time homebuyer was 35 years old in 2025, down from 36 the year before and down from a peak of 38 in 2018. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. Meanwhile, the typical repeat buyer was 47 years old, down from a historic peak of 52 the year before.The small improvement in affordability from 2024 to 2025, along with a bit more inventory, brought the median homebuying age down. The average 30-year fixed mortgage rate was 6.6% in 2025, down from 6.72% in 2024, and while home-sale prices continued rising last year, price growth lost steam.Affordability is improving in most major U.S. metros, and Redfin expects it to improve more throughout the year.Gen Z’s homeownership rate ticked up to 27.1%, from 26.1% the year before, and millennials’ homeow
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