Seller’s market continues in New Hampshire with rising housing prices

A

A "For Sale" sign is displayed in front of a home . Nam Y. Huh/AP photo, file

By SRUTHI GOPALAKRISHNAN

Monitor staff

Published: 11-15-2024 2:13 PM

New Hampshire recorded its most expensive October in history, as single-family home prices held above half a million dollars for the eighth consecutive month, reaching a median sales price of $500,750.

Despite a modest increase in inventory, with 2,354 homes available at the end of the month, the market remains firmly in favor of sellers, according to the New Hampshire Association of Realtors.

This October also continued a 57-month streak, with home prices climbing compared to the same period the previous year.

Balanced conditions of typically between five to seven months’ worth of homes available haven’t been seen in the state since October 2016.

Across New Hampshire, regional differences remain stark.

Rockingham County recorded the highest October median sale price in the state at $628,000, while Coos County saw the lowest at $297,450.

In Merrimack County, the median price hit $470,000 — lower than the state average but still up by 9.3% over last year.

Closer to the capital, local towns saw varied price points too.

Article continues after...

Yesterday's Most Read Articles

‘Pillar of the community’: The Fenton family gives back after receiving resounding support over the years
Repealed car inspections and Ayotte’s veto threat: What to look for in the State House this week
Webster seized and sold his house for back taxes. Now the town has agreed to pay him $38,000
City considers proposal for sanctioned homeless encampment
Arts Alley slated to make its debut in August
Hillclimbs, nightlife and cruising: Enthusiasts flock to 102nd Laconia Motorcycle Week

Concord recorded a median of $465,500, while nearby Bow reached $599,900. Hopkinton saw even higher prices, hitting $712,000, with Boscawen on the lower end at $390,000.

At the end of October, Concord had 38 homes available for sale, while Hopkinton had just 2, Bow had 7 and Boscawen had 4.

Sruthi Gopalakrishnan can be reached at sgopalakrishnna@cmonitor.com