The oldest Americans held 26% of America’s $48 trillion in real estate wealth as of the third quarter of 2025, the most recent period for which data is available. That’s just shy of the prior quarter’s 26.1%—the highest level for 70+ year olds on record—and compares with 21.6% a decade earlier and 16.6% two decades earlier.

This is based on a Redfin analysis of Federal Reserve Board data going back to 1989.

The share of real estate wealth held by 70+ year olds surpassed that of 40-54 year olds for the first time on record during the second quarter of 2025. At that time, 70+ year olds held 26.1% and 40-54 year olds held 25.9%. As of the third quarter, both groups held exactly 26%.