The home purchased by the average first-time...

The home purchased by the average first-time buyer has a median price of $70,000, compared to the median of $85,000 for all buyers, said the ERA national real estate poll. “The poll shows that first-time buyers tend to buy homes worth approximately 80% of the overall median in any market,” said Ed Gresham, president and chief executive of ERA Real Estate, based in the Kansas City, Mo. The median prices of homes bought by first-time buyers range from $50,000 in the central states to $110,000 in the East, and from $55,000 in the South to $87,000 in the West, the poll showed. First-time buyers in upscale markets such as New York and Los Angeles face median prices of $160,000 and $150,000, respectively, the survey showed.