GITNUX MARKETDATA REPORT 2024

Must-Know Home Buyer Statistics [Recent Analysis]

Statistic 1

"33% of home buyers are first-time buyers."

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Statistic 2

"The typical home purchaser searches for ten weeks before buying."

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Statistic 3

"About 87% of buyers recently purchased their homes through a real estate agent or broker."

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Statistic 4

"83% of all buyers of newly built homes are under the age of 65."

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Statistic 5

"The median age for first-time homebuyers is 33."

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Statistic 6

"About 34% of recent homebuyers were unmarried."

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Statistic 7

"Nearly one-quarter of home buyers across all generations expect to pay between $150,001 and $200,000 for a home."

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Statistic 8

"82% of buyers believe homeownership is a good investment."

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Statistic 9

"71% of home buyers were Caucasian, 10% were Hispanic or Latino, and 6% were Asian."

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Statistic 10

"50% of buyers use an open house as a significant part of their home search."

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Statistic 11

"72% of first-time home buyer’s savings for the down payment came from their savings."

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Statistic 12

"66% of new construction home buyers say that warranty protection is very important in their decision."

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Statistic 13

"In 2020, 31% of all home buyers financed 100% of their home purchase."

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Statistic 14

"14% of home buyers bought a multi-generational home due to children over 18 moving back into the house."

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