Generational Home Purchases

When examining the homes Americans are purchasing, it is often important to look through a generational lens. With differences in buying power, family situations, and priorities, home buyers from different generations are purchasing very different homes. Using data from our 2022 Home Buyers and Sellers Generational Trends report, we can see exactly where generations differ in their home buying habits, and where they are more similar than one would think.

With more buying power, Gen X home buyers purchased the most expensive homes, at a median price of $320,000. Unsurprisingly, younger millennials purchased the least expensive homes, at a median price of $250,00. With the highest percentage of single female buyers, the silent generation purchased the smallest homes at a median of 1,800 square feet. Older baby boomers purchased the newest homes, while older millennials and Gen X buyers purchased the oldest homes.