If you’ve ever wondered how long the average American stays in their home, new data offers some telling insights—and it’s especially relevant for homeowners thinking about making a move.
According to Redfin, the median U.S. homeowner tenure has been trending downward since peaking in 2020. After reaching a high of 13.4 years, the average has now declined to 11.8 years in 2024.
So, what’s behind the shift?
The Climb: 2005 to 2020
In 2005, the median tenure was just 6.5 years. But following the Great Recession and housing market crash, mobility slowed. Factors like tighter lending standards, underwater mortgages, and a desire for housing stability contributed to people staying put longer.
The Decline: 2021 to Now
Post-2020, the trend began to reverse. Home equity gains, shifting lifestyle needs, remote work flexibility, and rising interest in relocation caused more homeowners to reconsider their living situation.
In other words, people who stayed in their homes for over a decade are finally re-entering the market—downsizing, upsizing, or moving to new locations.
What This Means for You
If you’ve been in your home for 10+ years, you’re not alone. But you may also be sitting on significant equity and an opportunity to right-size into a home that better fits your current needs.
The question to ask isn’t just “what’s my home worth?” but “Is my home still the right fit for the next chapter of my life?”
Ready to talk about what’s next?
Let’s explore your options—no pressure, just helpful insights.
Fannie Fleming | 336-817-5134 | www.FannieFleming.com
