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| City | Num Sold Listings | Num Active Listings | Avg Listing Price | Avg Selling Price | Selling % of Asking | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|---|---|---|
| Alexandria | 26 | 15 | $312,192 | $311,003 | 97.3% | 0.0% | 67 | $185 |
| Alton | 114 | 90 | $688,180 | $653,760 | 96.3% | 0.0% | 102 | $372 |
| Ashland | 25 | 10 | $374,913 | $369,902 | 97.1% | 0.0% | 79 | $262 |
| Barnstead | 94 | 57 | $422,859 | $415,553 | 97.6% | 0.0% | 82 | $328 |
| Belmont | 136 | 76 | $405,088 | $398,713 | 97.7% | 0.0% | 88 | $258 |
| Bridgewater | 26 | 13 | $829,489 | $781,252 | 94.4% | 0.0% | 158 | $394 |
| Bristol | 90 | 28 | $450,856 | $440,496 | 97.5% | 0.0% | 84 | $270 |
| Campton | 108 | 84 | $362,505 | $353,376 | 96.2% | 0.0% | 90 | $246 |
| Center Harbor | 15 | 14 | $737,598 | $701,931 | 96.1% | 0.0% | 85 | $408 |
| Danbury | 29 | 16 | $280,960 | $277,136 | 97.7% | 0.0% | 69 | $239 |
| Gilford | 177 | 116 | $617,530 | $591,044 | 96.0% | 0.0% | 94 | $342 |
| Gilmanton | 69 | 41 | $419,982 | $415,656 | 97.4% | 0.0% | 62 | $290 |
| Hebron | 10 | 11 | $475,089 | $434,571 | 91.9% | 0.0% | 163 | $262 |
| Hill | 17 | 6 | $449,294 | $435,163 | 96.5% | 0.0% | 73 | $217 |
| Holderness | 38 | 33 | $608,222 | $577,888 | 95.7% | 0.0% | 65 | $404 |
| Laconia | 370 | 232 | $537,211 | $518,539 | 97.2% | 0.0% | 118 | $336 |
| Meredith | 152 | 105 | $870,836 | $847,326 | 98.0% | 0.0% | 74 | $416 |
| New Hampton | 44 | 26 | $443,001 | $435,317 | 96.7% | 0.0% | 88 | $273 |
| Plymouth | 113 | 40 | $389,773 | $373,466 | 95.7% | 0.0% | 107 | $251 |
| Rumney | 22 | 25 | $375,092 | $369,292 | 98.7% | 0.0% | 72 | $252 |
| Sanbornton | 67 | 16 | $497,198 | $482,576 | 96.5% | 0.0% | 84 | $407 |
| Tilton | 49 | 37 | $326,760 | $318,115 | 96.6% | 0.0% | 109 | $286 |
| 1,791 | 49 | $494,788 | $477,933 | 96.6% | 0.0% | 92 | $304 |
New Hampshire Real Estate Market Report 2025
Complete Housing Market Analysis & Forecast
Executive Summary
The New Hampshire real estate market in 2025 continues to demonstrate resilience and competitive dynamics, with the state earning recognition on the National Association of Realtors' "Housing Hot Spots for 2025" list. Despite facing headwinds from elevated mortgage rates and affordability challenges, the market maintains steady demand driven by the state's economic advantages and quality of life.
Key Market Takeaways:
- Current median home sale price of $493,200 is stable and rising steadily at 11.8% year-over-year
- Homes spend only 46 days on the market, indicating strong competition
- Housing inventory is up by 4.7% providing more options for buyers
- Mortgage rates averaging around 6.5% are impacting buyer purchasing power
- NH named a "Housing Hot Spot for 2025" by the National Association of Realtors
Current Market Metrics
Median Home Price
+11.8% YoY
Multiple sources report slight variations, with Redfin showing $494,500
Days on Market
+8 days YoY
Still indicating a competitive market environment
Housing Inventory
+4.7% YoY
Providing buyers with more options than previous year
Months of Supply
Still a seller's market
Balanced market typically has 5-6 months of inventory
Home Sales Volume
+6.3% YoY
December 2024 data shows increased sales activity
Sale-to-List Ratio
-0.52 pts YoY
Still indicating competitive bidding
Regional Market Performance
Major Metropolitan Areas
Manchester Metro
Ranked #1 hottest housing market nationally in August, receiving 3.3 times more listing views than national average
Portsmouth
Less competitive market with higher price point
Hudson
Highly competitive market with homes selling above asking price
Concord
Year-over-year price change of 0.3% with expected climb to 1.6%
Mortgage Rate Environment
Current Mortgage Rates in New Hampshire
6.80%30-year fixed mortgage rate as of March 2025
15-year fixed rate: 5.95%
Higher mortgage rates mean buyers have less purchasing power and can't afford as much home for the same monthly payment. This has contributed to a slight cooling in buyer demand while still maintaining market competitiveness.
Impact on Buyers:
- Reduced purchasing power compared to recent years
- Housing Affordability Index has decreased, making homes less affordable for average NH residents
- Longer decision-making processes due to higher carrying costs
Supply and Demand Dynamics
Inventory Trends
New listings for single-family homes increased by 15.1% in January 2025, while condo listings saw a 3.5% increase. This represents a positive shift for buyers who have faced limited options in recent years.
Market Conditions Analysis
With current supply at 1.5 months for single-family homes and 1.7 months for condos, New Hampshire still leans toward a seller's market. However, the increasing inventory provides hope for better balance in the latter half of 2025.
Competitive Indicators:
- 49.5% of homes sold above list price in April 2025, down 3.5 points year-over-year
- 16.5% of homes had price drops, up from 12.0% the previous year
- Multiple offers remain common but are becoming less frequent
Affordability and Economic Factors
Affordability Score
5.3 yearsTime needed of median household income ($96,838) to afford median home sale price ($515,900)
New Hampshire ranks as the 21st least affordable state for buyers based on prices compared to income. Despite this challenge, the state's lack of income and sales taxes continues to attract buyers from high-tax states.
Economic Drivers
- Proximity to Boston real estate market report where median price is $834,500 makes NH attractive
- No state income tax or sales tax provides significant savings
- Low unemployment rates attract new residents
- Strong tourism industry supports seasonal markets
Market Forecast for 2025
Second Half 2025 Predictions
- real estate market report expected to lean more in favor of buyers
- Home prices expected to decrease due to rising inventory
- More homeowners likely to list their homes on the MLS
- Continued modest growth with potentially slower pace than recent years
Long-term Outlook (2026 and Beyond)
Forecasts anticipate modest growth in 2026 with a healthy 3-5% increase in property values, assuming no major economic shocks. Interest rates will continue to play a crucial role in market dynamics.
Market Opportunities and Challenges
For Sellers
- Sellers currently have advantage due to increased prices and limited supply
- Strong demand continues despite mortgage rate headwinds
- Spring real estate market report timing remains optimal for listings
- Multiple offer situations still common in desirable areas
For Buyers
- Competition remains high with more houses selling above list price
- 6% growth in housing inventory provides more options
- Need for strong pre-approval and competitive offers
- Consideration of alternative financing options may be beneficial
Investment Outlook
Investors may find promising opportunities with moderate growth forecasted. The state's stable economic foundation, tourism industry, and continued population growth from neighboring high-cost states support long-term investment potential.
Key Investment Considerations:
- Vacation rental markets in Lakes Region and White Mountains
- Continued migration from Massachusetts and Connecticut
- Infrastructure improvements supporting growth
- Limited developable land maintaining property values
Conclusion
The New Hampshire real estate market report in 2025 presents a dynamic landscape balancing strong fundamentals with evolving challenges. While elevated mortgage rates and affordability concerns create headwinds, the state's economic advantages, quality of life, and strategic location continue to drive demand.
Current market conditions present a mixed bag with elevated single-family home prices but signs of cooling in some segments. The anticipated shift toward more balanced conditions in the second half of 2025 may provide opportunities for both buyers and sellers to achieve their real estate goals.
Strategic Recommendations:
- Buyers: Focus on needs-based purchases rather than waiting for significant price drops
- Sellers: Price competitively and remain realistic about current market conditions
- Investors: Consider long-term growth potential in emerging markets
- All Parties: Work with experienced local professionals who understand regional nuances
Whether buying, selling, or investing in New Hampshire real estate, understanding current market dynamics is essential for success. Connect with local real estate professionals who can provide personalized guidance based on the latest market data and trends.
