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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	22	19	$280,634	$283,264	96.8%	0.0%	72	$158
Alton	106	109	$603,545	$581,905	97.0%	0.0%	94	$355
Ashland	25	10	$355,903	$353,040	97.2%	0.0%	83	$251
Belmont	134	83	$408,025	$401,945	98.0%	0.0%	90	$256
Berlin	161	70	$341,992	$323,805	95.3%	0.0%	126	$178
Bridgewater	26	17	$810,051	$761,318	93.1%	0.0%	120	$391
Bristol	100	34	$432,355	$421,514	97.2%	0.0%	81	$251
Campton	106	75	$375,094	$363,282	95.7%	0.0%	87	$254
Canaan	86	34	$308,702	$297,157	95.5%	0.0%	117	$211
Center Harbor	18	15	$629,748	$617,244	97.2%	0.0%	83	$438
Concord	497	118	$337,325	$335,218	96.4%	0.0%	79	$208
Conway	275	183	$517,960	$507,885	97.6%	0.0%	103	$304
Danbury	33	18	$340,057	$335,082	97.2%	0.0%	79	$243
Enfield	69	28	$581,699	$565,950	97.6%	0.0%	76	$310
Epping	149	67	$583,111	$590,957	99.7%	0.0%	95	$327
Franconia	22	17	$481,438	$471,018	94.3%	0.0%	67	$190
Franklin	149	35	$406,116	$394,324	95.8%	0.0%	96	$224
Gilford	184	121	$650,348	$619,833	95.6%	0.0%	98	$336
Gilmanton	65	50	$413,083	$407,192	97.1%	0.0%	59	$289
Grafton	45	15	$275,010	$261,185	95.1%	0.0%	112	$195
Hebron	6	16	$415,150	$396,167	92.7%	0.0%	146	$148
Hill	17	7	$440,624	$426,546	96.5%	0.0%	69	$216
Keene	308	140	$376,039	$370,776	98.5%	0.0%	66	$202
Laconia	367	289	$549,096	$530,552	96.9%	0.0%	116	$341
Lincoln	139	89	$531,848	$513,760	95.2%	0.0%	96	$319
Loudon	61	30	$453,789	$456,450	99.3%	0.0%	74	$259
Meredith	148	116	$946,129	$915,985	97.9%	0.0%	73	$456
Moultonborough	118	104	$1,167,339	$1,122,109	96.5%	0.0%	102	$458
New Hampton	43	27	$433,811	$421,531	95.9%	0.0%	92	$253
Ossipee	142	102	$349,092	$331,597	92.9%	0.0%	112	$280
Pelham	136	51	$730,389	$732,541	99.7%	0.0%	87	$313
Plymouth	117	44	$390,236	$374,200	95.3%	0.0%	125	$251
Rindge	51	39	$659,277	$645,776	97.9%	0.0%	93	$287
Rumney	24	26	$323,962	$323,167	99.0%	0.0%	72	$246
Sanbornton	68	12	$540,296	$517,801	95.9%	0.0%	84	$407
Sunapee	69	60	$1,305,827	$1,259,733	96.4%	0.0%	104	$544
Tamworth	62	48	$433,955	$418,436	93.6%	0.0%	114	$253
Thornton	86	61	$406,879	$403,568	95.0%	0.0%	111	$289
Tilton	50	25	$338,568	$329,314	96.5%	0.0%	104	$254
Tuftonboro	86	67	$670,632	$657,869	97.2%	0.0%	138	$391
Warren	94	34	$470,457	$455,489	96.8%	0.0%	105	$290
Wilmot	26	16	$461,896	$445,920	91.1%	0.0%	96	$248
Wolfeboro	137	125	$770,937	$750,455	97.5%	0.0%	91	$418
	4,627	62	$505,199	$490,922	96.3%	0.0%	97	$285

New Hampshire Real Estate Market Report 2025 - Complete Housing Market Analysis

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

$493,200

+11.8% YoY

Multiple sources report slight variations, with Redfin showing $494,500

Days on Market

46 days

+8 days YoY

Still indicating a competitive market environment

Housing Inventory

3,765 homes

+4.7% YoY

Providing buyers with more options than previous year

Months of Supply

2 months

Still a seller's market

Balanced market typically has 5-6 months of inventory

Home Sales Volume

1,333 homes

+6.3% YoY

December 2024 data shows increased sales activity

Sale-to-List Ratio

99.3%

-0.52 pts YoY

Still indicating competitive bidding

Regional Market Performance

Major Metropolitan Areas

Manchester Metro

$550,000 median

Ranked #1 hottest housing market nationally in August, receiving 3.3 times more listing views than national average

Portsmouth

$850,000+ median

Less competitive market with higher price point

Hudson

105% sale-to-list

Highly competitive market with homes selling above asking price

Concord

Steady growth

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 years

Time 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

Navigate the 2025 New Hampshire Real Estate Market report

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.