Fewer First-Timers, More Offers: U.S. Homebuyers in 2021, By The Numbers

• September 3rd 2021

by Nena Perry-Brown

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Amid the current high-demand housing market, Zillow has released its latest Consumer Housing Trends report for buyers.

Below, UrbanTurf pulls out some of the more interesting stats pertaining to U.S. homebuyers in 2021:

• 45 — The average age of homebuyers; the median age was 43.
• 50% — The percentage of homebuyers who moved from, and sold, their primary residence to make this most recent purchase.
• 11% — The percentage of homebuyers who purchased a rowhouse or townhouse; 10% of homebuyers purchased a condo or co-op.
• 37% — The percentage of first-time homebuyers, down from 43% in 2020.
• 2 — The number of offers the median homebuyer made before they were successful; from 2018-2020, the median homebuyer only made one offer.
• 3 — The number of bedrooms and bathrooms in the home purchased by the median buyer. Purchased homes also tended to be between 1,000 and 1,999 square feet.
• 68% — The percentage of buyers who agreed that virtual home tours were at least somewhat more helpful than photos.
• 30% — The percentage of buyers who cited working from home as influencing their decision to purchase.

Zillow surveyed over 2,000 homebuyers between March and August 2021.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/fewer-first-timers-more-homebuyers-by-the-numbers/18662.