The typical home bought in the U.S. hit a record age of 36 years in 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s nine years older than the median age of homes purchased in 2012, highlighting how a lack of new construction over the past 15 years has fast-tracked the aging of America’s housing stock.
This is according to a Redfin analysis of MLS data on the age of homes bought between 2012 and 2024. The report refers to newer homes as being less than five years old and older homes as being more than 30 years old. Data refers to all home types (i.e. single family, condos and townhouses) combined unless otherwise specified.
The homes people are buying are getting older across all types, with condos aging the most—to a median 38 years in 2024 from 26 years in 2012. CLICK THE LINK TO READ THE FULL ARTICLE. https://investors.redfin.com/news-events/press-releases/detail/1329/the-homes-americans-are-buying-are-older-than-ever
