New Hampshire
Housing Market
The landscape of New Hampshire’s housing market evolves with shifting home prices and demand. Houzeo’s housing market report tracks these changes in supply and demand across New Hampshire. Our report offers real-time insights to help you make informed decisions.
Overview
Supply
Demand
Buy or Sell
Market Insights
MigrationNew Hampshire Housing Market Overview
New Hampshire home prices show a growth of 9.7% YoY as of January 2025. The steady increase in home prices indicates the strength of the housing market. The median home price in New Hampshire is currently $488,300, and based on the previous 3 years’ trends, it will be even higher in summer.
YYou can also check the market competitiveness through median days on the market. New Hampshire houses now spend 59 days on the market before going under contract. Previous years’ trends indicate that this number may drop to a minimum of 25-30 days in summer. All these metrics collectively indicate changes in the New Hampshire housing market’s pace and affordability.
What Does It Mean for Home Buyers and Sellers?
YYou can also check the market competitiveness through median days on the market. New Hampshire houses now spend 59 days on the market before going under contract. Previous years’ trends indicate that this number may drop to a minimum of 25-30 days in summer. All these metrics collectively indicate changes in the New Hampshire housing market’s pace and affordability.
What Does It Mean for Home Buyers and Sellers?
- If You’re a Buyer: With median home prices higher than the national average and fewer homes being sold, it’s not the ideal time to buy a house in New Hampshire. However, you have some room to negotiate with the 59-day median days on the market. You can plan to buy a house when competition is low and inventory increases in the upcoming months.
- If You’re a Seller: You can profit from the growing home prices and high demand in New Hampshire. The 9.7% hike in home prices and tight inventory signals more opportunities to make a profit on home sales. The best time to sell your home in New Hampshire would be from April to June, when homes sell for the most money.
New Hampshire Housing Supply
New Hampshire homes for sale have grown by 6% and sit at 3,515, properties in January 2025. New constructions will further add to the housing inventory. New listings have gone up by 7.1%, with only 2 months of supply.
What Does It Mean for Home Buyers and Sellers?
What Does It Mean for Home Buyers and Sellers?
- If You’re a Buyer: The increase in housing inventory and new listings mean more options for you to choose from. However, the 2-month supply period suggests that New Hampshire is firmly in seller’s market territory. You may have to wait a little till the home before buying a house in NH. However, if you see a further growth in inventory level and a stabilizing median sale price, you can still buy New Hampshire homes.
- If You’re a Seller: If You’re a Seller: With 2 months of supply and growing median home prices, you’re in luck. Act fast and sell your home before more supply hits the current housing market in New Hampshire. Rising inventory could lower demand and lead to fewer offers, but there is only a slight possibility of that happening. Even with the high competition, you should focus on staging and marketing your home to attract buyers.
New Hampshire Housing Demand
The percentage of homes selling above the list price is a key indicator of housing demand. When more homes sell above the list price, it shows strong buyer competition and high demand. A decline suggests more supply. Tracking this trend helps you gauge market competitiveness.
In January 2025, 36.6% of New Hampshire homes sold above the list price. However, it’s a trend that has declined by 4.4 points YoY. While only 15.8% of homes sold below the list price, this number is on the rise by 2.5 points since last year. Additionally, the number of homes selling above list price tends to grow in spring and summer, and reach up to 50% of homes. Additionally, the 99.2% sale-to-list price ratio suggests the market is in sellers’ territory.
What Does It Mean for Home Buyers and Sellers?
In January 2025, 36.6% of New Hampshire homes sold above the list price. However, it’s a trend that has declined by 4.4 points YoY. While only 15.8% of homes sold below the list price, this number is on the rise by 2.5 points since last year. Additionally, the number of homes selling above list price tends to grow in spring and summer, and reach up to 50% of homes. Additionally, the 99.2% sale-to-list price ratio suggests the market is in sellers’ territory.
What Does It Mean for Home Buyers and Sellers?
- If You’re a Buyer: The current housing market in New Hampshire has a few metrics that lean in your favor — such as the 15.8% (and growing) of homes with price drops and increasing inventory. However, the high sale-to-list price ratio indicates little room for negotiation when you’re looking for houses in New Hampshire. So, go light on negotiations and don’t expect many seller concessions. You may also have to make home repairs yourself after closing.
- If You’re a Seller: You'll make a good profit if you sell your New Hampshire home now. With an increase in home prices and limited supply, the negotiation power lies in your hands. Wait till summer, and you’ll experience even higher demand and more bidding wars for your home. You can price your home on the higher side, but not before you assess prices of comparable properties in your neighborhood.
Is It a Buyer’s or Seller’s Market in New Hampshire?
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Balanced
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Buyer’s Market
Seller’s Market
Seller: Housing demand exceeds supply and drives the prices up. Homes sell fast and get multiple offers from buyers.
Is It a Buyer’s or Seller’s Market in New Hampshire?
As of January 2025, home sellers in New Hampshire have an advantage due to increased prices and a limited supply of homes. For buyers, competition is high, with more houses selling above list price. The 2-month supply period and 99.2% sale-to-list price ratio mean there’s very little room for negotiation. Rising mortgage rates may also make things difficult for buyers.
However, a 6% growth in housing inventory does provide options to New Hampshire home buyers. These trends vary significantly across the New Hampshire real estate market. Portsmouth city has a less competitive market with home prices more than $850K. On the other hand, the market in Hudson is highly competitive, with a sale-to-list price ratio of 105%. So, check your local real estate trends before you decide to invest in New Hampshire.
New Hampshire Housing Market Insights
The housing market in New Hampshire is highly competitive compared to the nationwide market. The median home price in New Hampshire ($488,300) is almost 17% more than the national median. Inventory trends indicate a growing availability of homes for sale in New Hampshire, though at a slow pace. Currently, there are 3,515 homes available in the Granite State. If you notice a sharp hike in your local area housing prices, it could be a sign of a seller’s market. On the other hand, buyers will have the upper hand if prices have remained the same or gone down, along with increased inventory.
Housing markets like Hudson show high competition, with a 21% hike in home prices and hot homes going under contract in 3 days. Overall, the NH housing market favors home sellers. If you’re buying a house in NH, you can still find affordable housing in the state. You can also wait till home prices drop in future.
Housing markets like Hudson show high competition, with a 21% hike in home prices and hot homes going under contract in 3 days. Overall, the NH housing market favors home sellers. If you’re buying a house in NH, you can still find affordable housing in the state. You can also wait till home prices drop in future.
Nationwide Migration Trends
Last year, New Hampshire residents moved out of the state to relocate to states like Florida, Maine, and California. Over 46,753 people moved from New Hampshire over the last year for better professional opportunities and a lower cost of living. The cost of living index in New Hampshire is 115, much higher than the national average. The cost of housing in New Hampshire is also higher than in other states.
There is also a conspicuous inbound trend, with New Hampshire gaining almost 39,695 new residents in 2023-24. The new residents primarily came from Massachusetts and Vermont. The job market in NH is projected to grow by 11% by 2030, with the retail trade, finance, and healthcare sectors on the rise. If you want to move on a budget, Claremont is a solid option. The median home price is $260,000, and the living cost is 9% lower than the national average.
There is also a conspicuous inbound trend, with New Hampshire gaining almost 39,695 new residents in 2023-24. The new residents primarily came from Massachusetts and Vermont. The job market in NH is projected to grow by 11% by 2030, with the retail trade, finance, and healthcare sectors on the rise. If you want to move on a budget, Claremont is a solid option. The median home price is $260,000, and the living cost is 9% lower than the national average.
Frequently Asked Questions
How have New Hampshire house prices changed over the past year?
Home sale prices in New Hampshire have continued to rise over the past years, driven by high demand and low inventory. Prices have increased at an annual growth rate of 9.7%, with multiple regions seeing double-digit percentage growth. You can check your home’s fair market value with a free home value estimator.
What is the cost of living in New Hampshire?
The cost of living in New Hampshire is 15% higher than the national average. The average housing cost in New Hampshire ranges from $900 to $2,800 per month. A large population flocks to the state due to the quality of life and job openings. Healthcare and transportation costs are also lower. You can use our free New Hampshire cost of living calculator to know more.
What’s the New Hampshire housing market forecast for 2025?
The shifts in the housing demand, supply, and prices will depend on how the state economy and mortgage rates change. The New Hampshire housing market will serve sellers with high demand and price growth. However, if mortgage rates fall, then housing demand could heat up the market.
What’s the average home price in New Hampshire?
The average house price in New Hampshire depends on house type, size, and local market conditions. It typically ranges from $428K for condos to $503K for single-family homes. If you plan to buy, you can choose from the cheapest homes in New Hampshire that fit your budget.
When will the housing market crash in New Hampshire?
As per housing market predictions, the market is very unlikely to crash. In fact, the New Hampshire real estate market is expected to yield high profits to home sellers. Rising median home prices and mortgage rates may make it hard for buyers to find affordable homes. However, demand and supply for homes will continue to flourish due to population growth in the state.
Is this a good time to buy a house in New Hampshire?
No, as the housing inventory is tight and home prices are on the rise. Keep checking real estate trends for prices and inventory in your city, along with the mortgage rates. Sellers currently benefit from high demand and rising prices. However, when there’s plenty of housing inventory and more than 6 months of supply, it’s the best time to buy a house in New Hampshire.
When is the best time to sell a house in New Hampshire?
Yes, the beginning of March is ideally a good time to start preparing for a home sale. During this season, the housing demand is at its peak and inventory is tight. The median home price is currently at $488,300 and major forecasts expect home prices to continue rising in 2025. Research properly to determine the best time to sell a house in New Hampshire in your region.
What is the best place to buy a house in New Hampshire?
Berlin, Concord, and Rochester are among the best places to buy a home in NH. New Hampshire’s annual healthcare cost is $3,380, cheaper than the national average. It also offers excellent job opportunities, with an unemployment rate of only 2.5%. Bloomington’s median home price is only $166K, and the cost of living is 10% lower than the national average. You can compare and select the best places to live in New Hampshire before you invest.
How can I list my home for sale in New Hampshire?
You can list your home for sale with a Flat Fee MLS New Hampshire listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What’s the rate of the average mortgage in New Hampshire?
The average mortgage rate for buyers in the New Hampshire housing market fluctuates between 6.25% and 7%. It depends on the market and your credit score. Always check current rates with lenders before you apply for a mortgage.
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