I have several kids, most of them older.
I only throw home parties when they are younger and the kids usually love it, even the old school games.
They don't play birthday games like hot potato, balloon pop, pint the whatever on the whatever, scavenger hunts, so all of those games are a novelty and fun. The third grade and under set really enjoy those kinds of games.
Minute to win it type games go over well too.
I have only ever had one kid not enjoy my home parties, and that was years ago. He did not like any of the non electronic games, and hated the really nice favors we picked out, telling me several times that the party/favors sucked and this was the worst party ever, lol. Everyone else thought it was awesome (a lego minecraft party with lego & minecraft themed games and activities) I think he expected the Minecraft invite and theme meant he would get to play minecraft for two hours
Also, with most home parties being smaller than tye big event type parties, the guests have more time to interact and enjoy one another.
Kids just really seem to enjoy home parties.