The transition to parenthood is characterized by physical changes and altered sexual dynamics that may be associated with a tendency for new parents to underestimate their partner’s physical attraction to them and/or be more attuned to daily changes in their partner’s attraction. To examine this possibility, this study assessed directional bias and tracking accuracy in new parents’ perceptions of their partner’s daily physical attraction to them. Fifty-nine couples completed 21-day diary tasks during pregnancy, 2 weeks after childbirth, and 15 weeks after childbirth (i.e., up to 63 diary days). Both mothers and fathers experienced increased appearance insecurity and decreased sexual frequency and sexual satisfaction across the transition. Moreover, at times when new parents reported higher appearance insecurity or lower sexual satisfaction, they underestimated their partner’s physical attraction to them, but were not more likely to notice day-to-day fluctuations in their partner’s attraction. Results highlight the misperceptions that can occur during this pivotal life transition.