Market Report
LAKES REGION
FULL YEAR 2024
Market Overview At A Glance
LAKES REGION
The Lakes Region housing market saw some normalizing trends by the end of 2023 and into 2024. Consistent growth was sustained across the region throughout 2024.
Limited inventory remained a major driving factor in many price points. We did see a larger number of price reductions and a 33% higher median days on market in 2024. The total number of units sold was up by 5% in Belknap and Carroll Counties. The average sales price remained relatively stable while the average days on market increased by 16%.
Demand for waterfront properties stabilized throughout the Lakes Region with the Median Sale Price on Lake Winnipesaukee decreasing by 3%, and decreasing by 4% on Lake Winnisquam. The Median Sale Price on Squam Lake decreased by 61%, but this was due to multiple sales over $5m in 2023.
There is a breakdown for key Lakes and Towns in this report for more details at a local market level.
Optimistic is the outlook for 2025. We anticipate that buyer demand will continue to be strong, driven by limited inventory and that pricing will continue to hold steady. Pricing appropriately for Sellers will become of the utmost importance in order to sell in a timely manner.
Now more than ever, you need an experienced real estate professional to guide you through this ever-changing market.
Lakes Region Overview
All Properties | All Price Points
Lakes Region
Source: Prime MLS Data - (1/1/2024 - 12/31/2024) vs. Previous Year To Date (1/1/2023 - 12/31/2023)All Property Types - All Price Points - Belknap & Carroll County
Lakes Region by Town
All Properties | All Price Points
Source: Prime MLS Data - (1/1/2024 - 12/31/2024) vs. Previous Year To Date (1/1/2023 - 9/30/2023)
All Property Types - All Price Points - Alton, Belmont, Center Harbor, Gilford, Gilmanton, Holderness, Laconia, Meredith, Moultonborough, Sanbornton, Tuftonboro, Wolfeboro.
Lake Winnipesaukee Overview
All Properties | All Price Points
Winnipesaukee
Source: Prime MLS Data - (1/1/2024 - 12/31/2024) vs. Previous Year To Date (1/1/2023 - 12/31/2023)Lake Winnipesaukee Waterfront excluding island properties Lake
Lake Winnisquam Overview
All Properties | All Price Points
Source: Prime MLS Data - (1/1/2024 - 12/31/2024) vs. Previous Year To Date (1/1/2023 - 12/31/2023) All Property Types - Lake Winnisquam Exclusively Owned Waterfront
Squam Lake Overview
All Properties | All Price Points
Source: Prime MLS Data - (1/1/2024 - 12/31/2024) vs. Previous Year To Date (1/1/2023 - 12/31/2023) All Property Types - Squam Lake Exclusively Owned Waterfront Squam Lake
Your New England & New York Network.
NEW HAMPSHIRE VERMONT
SALES OFFICES
HUDSON VALLEY
Kingston: 845.331.3100
Rhinebeck: 845.876.5100
Tivoli: 845.757.5000
Woodstock: 845.684.0084
Hudson: 518.822.0800
UPSTATE NEW YORK
Saratoga Springs:
518.580.8500
Lake George: 518.644.9500
Lake Placid: 518.523.2550
WESTERN NEW YORK
Buffalo: 716.320.1414
Rochester: 585.394.7111
CENTRAL NEW YORK
Syracuse: 315.685.8100
Thousand Islands Region: 315.685.8100
Finger Lakes Region: 315.685.8100
CENTRAL VERMONT
Rutland: 802.774.7007
Killington: 802.746.4203
Stowe: 802.253.7267
SOUTHERN VERMONT
Mount Snow: 802.464.1200
Stratton: 802.297.8000
Manchester: 802.362.4551
Okemo: 802.228.4537
CHAMPLAIN VALLEY
South Burlington: 802.864.0541
NORTHEAST KINGDOM
St. Johnsbury: 802.751.7582
UPPER VALLEY
Fairlee: 802.333.4701
LAKE SUNAPEE REGION New London: 603.526.4050
LAKES REGION OF NEW HAMPSHIRE
Meredith: 603.677.7012
SOUTHERN NEW HAMPSHIRE
Bedford: 603.413.7600
MONADNOCK REGION Peterborough: 603.924.3321
UPPER VALLEY OF NEW HAMPSHIRE Hanover: 603.643.6070
WINDHAM MOUNTAIN CLUB: 518.734.0040
JAY PEAK RESORT: 802.858.535
SOUTHFACE VILLAGE AT OKEMO: 802.228.4537
OWL’S NEST RESORT: 603.779.5758
MASSACHUSETTS CONNECTICUT
Each Office is Independently Owned and Operated
