Generational Trends inHome Buying, Selling, and Renovations

Guide to Generations in 2025

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Silent Generation
Ages 80 to 96
(1928–1945)
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Baby Boomers
Ages 61 to 76
(1928–1945)
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Generation X
Ages 45 to 60
(1928–1945)
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Millennials
Ages 29 to 44
(1928–1945)
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Generation Z
Ages 15 to 28
(1928–1945)

Home Buyers By Generation

Millennials 38% of Buyers1st Buyers 35 years old33% of Gen Z Buyers are single females32% of all home buyers are first-time buyers87% of buyers purchase a previously owned home79% buy detached single-family homes

Home Sellers By Generation

Pie Chart
The typical home seller is
60 Years Old
The typical home seller is
60 Years Old
Bar Chart
Bar Chart
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Sellers aged 69-77 are most likely to
Downsize
The top reasons for selling include:
Donut chart
39% of sellers trade up to a larger home33% downsize to a smaller one

Home Renovations: Stats & Trends

50% of millennials would max out their budget to avoid future renovations.
83% of sellers make improvements before listing, aiming to maximize sales price.
More than one-third of homeowners exceed their renovation budgets.
Mid-range bathroom renovations recover 171% of costs.
Baby Boomers and Gen Xers spent nearly the same amount on renovations in 2023.
80% of home buyers consider the kitchen the most important space. Smart kitchen updates yield a 1.5x return on investment
Painting is the most popular pre-sale upgrade

3 Key Takeaways forReal Estate Professionals and Home Sellers

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Photos Are Key
85%
of buyers sayphotos are the mostimportant factor inpicking homes to tour.
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Condition Matters
77%
of buyerswon’t compromiseon a home’s condition.
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Strategic Updates
Preparing ahome by paintingor renovating a kitchen or bathroomcan significantlyimprove itsmarketability andreturn on investment.
SOURCES
Home Buyers and Sellers Generational trends (NAR)
Profile of Homebuyers and Sellers (NAR)
Home Renovations Stats and trends (Homefront)

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