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Senior Housing • Senior Real Estate Specialist • January 28, 2025

Most home buyers and sellers are over age 55

by Eugene "Jim" Hills

Older buyers and sellers are driving the current real-estate market.

Older buyers and sellers are driving the real-estate market.

According to the 2024 Profile of Home Buyers and Sellers from the National Association of Realtors here are some of  record-breaking trends:

  • 53 percent of all home buyers were age 55 and over.
  • The median age of home buyers rose to 56 years (up from 49 last year).
  • The typical repeat buyer age is now 61 (up from 58).
  • 19 percent of buyers over age 60 purchased senior-related housing, with 58 percent choosing detached single-family homes and 52 percent buying in suburbs or subdivisions.
  • Sellers are getting older too, with the typical seller age hit an all-time high of 63.

What does this mean?

As Baby Boomers and Gen Xers continue to age, their housing needs are evolving. Some are looking to downsize, while others are trading up or finding homes that allow them to age in place comfortably. Many are prioritizing accessibility, proximity to family, and the right mix of amenities.

Older adults can navigate their next housing transition, whether considering a move to a more manageable home, exploring multigenerational or senior housing options, or simply planning for the future.

#SeniorHousing #AgingInPlace #Downsizing #RealEstateForSeniors #SRES

senior real estate specialist, Senior Housing, Aging In Place, Downsizing, Real Estate For Seniors, SRES

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