Southern NH Market Report | Q1-Q3 2023

Market Report

Southern New Hampshire First - Third Quarter 2023

Market Overview At A Glance SOUTHERN NEW HAMPSHIRE The Southern New Hampshire housing market began to normalize in the first half of 2023 and continued into the third quarter after nearly two red-hot years.

Limited inventory remained a major driving factor, and the total number of units sold was down by 22.8% across key select towns in the Region. However, the average sales price increased by 5.7%, while the average days on market decreased slightly from the mid-year average down to an increase of 8.2%.

There is a breakdown for key Towns in this report for more details at a local market level.

Moving into the final quarter of 2023, 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.

Southern NH Overview All Properties | All Price Points Southern NH

2023

2022

+/-- % +/

TOTAL SALES IN UNITS:

3,459

4,478

- 22.8%

TOTAL SALES DOLLARS:

$1,666,677,000

$2,040,748,000

- 18.3%

AVERAGE SALE PRICE:

$481,800

$455,700

+ 5.7%

AVERAGE DAYS ON MARKET:

18

17

+ 8.2%

SOLD PRICE VS. LIST PRICE:

102.38%

103.62%

- 1.2%

Source: Prime MLS Data - (1/1/2023 - 9/30/2023) vs. Previous Year To Date (1/1/2022 - 9/30/2022) All Property Types - All Price Points - Amherst, Auburn, Bedford, Bow, Candia, Chester, Concord, Dunbarton, Goffstown, Hollis, Hooksett, Londonderry, Manchester, Merrimack, Nashua, New Boston, Weare.

Southern NH by Town All Properties | All Price Points AMHERST

2023

2022

+/- %

TOTAL SALES IN UNITS:

127

155

- 18.1%

AVERAGE SALE PRICE:

$622,100

$587,300

+ 5.9%

AVERAGE DAYS ON MARKET:

23

22

+ 4.5%

SOLD PRICE VS. LIST PRICE:

102.99%

103.43%

- 0.4%

AUBURN

2023

2022

+/- %

TOTAL SALES IN UNITS:

45

60

- 25.0%

AVERAGE SALE PRICE:

$700,900

$580,300

+ 20.8%

AVERAGE DAYS ON MARKET:

15

18

- 16.7%

SOLD PRICE VS. LIST PRICE:

101.10%

102.72%

- 1.6%

BEDFORD

2023

2022

+/- %

TOTAL SALES IN UNITS:

183

240

- 23.8%

AVERAGE SALE PRICE:

$758,300

$768,500

- 1.3%

AVERAGE DAYS ON MARKET:

23

24

- 4.2%

SOLD PRICE VS. LIST PRICE:

100.96%

103.03%

- 2.0%

BOW

2023

2022

+/- %

TOTAL SALES IN UNITS:

84

98

- 14.3%

AVERAGE SALE PRICE:

$547,200

$564,100

- 3.0%

AVERAGE DAYS ON MARKET:

15

41

- 63.4%

SOLD PRICE VS. LIST PRICE:

102.57%

106.32%

- 3.5%

CANDIA

2023

2022

+/- %

TOTAL SALES IN UNITS:

21

43

- 51.2%

AVERAGE SALE PRICE:

$440,600

$548,300

- 19.6%

AVERAGE DAYS ON MARKET:

24

28

- 14.3%

SOLD PRICE VS. LIST PRICE:

97.45%

101.80%

- 4.3%

CHESTER

2023

2022

+/- %

TOTAL SALES IN UNITS:

49

57

- 14.0%

AVERAGE SALE PRICE:

$616,200

$521,900

+ 18.1%

AVERAGE DAYS ON MARKET:

46

38

+ 21.1%

SOLD PRICE VS. LIST PRICE:

100.72%

102.68%

- 1.9%

CONCORD

2023

2022

+/- %

TOTAL SALES IN UNITS:

352

444

- 20.7%

AVERAGE SALE PRICE:

$370,100

$351,900

+ 5.2%

AVERAGE DAYS ON MARKET:

23

17

+ 35.3%

SOLD PRICE VS. LIST PRICE:

101.51%

102.77%

- 1.2%

DUNBARTON

2023

2022

+/- %

TOTAL SALES IN UNITS:

31

40

- 22.5%

AVERAGE SALE PRICE:

$517,400

$383,500

+ 34.9%

AVERAGE DAYS ON MARKET:

63

30

+ 110.0%

SOLD PRICE VS. LIST PRICE:

100.50%

102.02%

- 1.5%

GOFFSTOWN

2023

2022

+/- %

TOTAL SALES IN UNITS:

127

179

- 29.1%

AVERAGE SALE PRICE:

$445,700

$428,500

+ 4.0%

AVERAGE DAYS ON MARKET:

18

13

+ 38.5%

SOLD PRICE VS. LIST PRICE:

102.51%

103.36%

- 0.8%

HOLLIS

2023

2022

+/- %

TOTAL SALES IN UNITS:

75

124

- 39.5%

AVERAGE SALE PRICE:

$790,100

$703,500

+ 12.3%

AVERAGE DAYS ON MARKET:

35

20

+ 75.0%

SOLD PRICE VS. LIST PRICE:

100.14%

102.82%

- 2.6%

HOOKSETT

2023

2022

+/- %

TOTAL SALES IN UNITS:

161

189

- 14.8%

AVERAGE SALE PRICE:

$483,600

$437,600

+ 10.5%

AVERAGE DAYS ON MARKET:

19

17

+ 11.8%

SOLD PRICE VS. LIST PRICE:

102.44%

103.25%

- 0.8%

LONDONDERRY

2023

2022

+/- %

TOTAL SALES IN UNITS:

271

378

- 28.3%

AVERAGE SALE PRICE:

$545,400

$510,400

+ 6.9%

AVERAGE DAYS ON MARKET:

18

18

0%

SOLD PRICE VS. LIST PRICE:

102.54%

103.87%

- 1.3%

MANCHESTER

2023

2022

+/- %

TOTAL SALES IN UNITS:

909

1,175

- 22.6%

AVERAGE SALE PRICE:

$414,500

$384,000

+ 7.9%

AVERAGE DAYS ON MARKET:

15

15

0.0%

SOLD PRICE VS. LIST PRICE:

103.00%

103.54%

- 0.5%

MERRIMACK

2023

2022

+/- %

TOTAL SALES IN UNITS:

238

336

- 29.2%

AVERAGE SALE PRICE:

$450,300

$428,500

+ 5.1%

AVERAGE DAYS ON MARKET:

10

17

+ 11.8%

SOLD PRICE VS. LIST PRICE:

102.44%

103.25%

- 0.8%

NASHUA

2023

2022

+/- %

TOTAL SALES IN UNITS:

665

790

- 15.8%

AVERAGE SALE PRICE:

$454,700

$427,800

+ 6.3%

AVERAGE DAYS ON MARKET:

15

11

+ 36.4%

SOLD PRICE VS. LIST PRICE:

102.58%

104.31%

- 1.7%

NEW BOSTON

2023

2022

+/- %

TOTAL SALES IN UNITS:

41

62

- 33.9%

AVERAGE SALE PRICE:

$540,600

$533,800

+ 1.3%

AVERAGE DAYS ON MARKET:

27

19

+ 42.1%

SOLD PRICE VS. LIST PRICE:

101.63%

103.66%

- 2.0%

WEARE

2023

2022

+/- %

TOTAL SALES IN UNITS:

80

108

- 25.9%

AVERAGE SALE PRICE:

$445,200

$411,600

+ 8.2%

AVERAGE DAYS ON MARKET:

22

15

+ 46.7%

SOLD PRICE VS. LIST PRICE:

102.29%

103.04%

- 0.7%

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Vermont New York ChamplainHudson Valley Valley Kingston: 845.331.3100 South Burlington: 802.864.0541 Rhinebeck: 845.876.5100 Central Tivoli: Vermont 845.757.5000 Catskill: 518.943.7533 Rutland: 802.774.7007 518.822.0800 Killington:Hudson: 802.746.4203 Stowe: 802.253.7267 Upstate New York Northeast Kingdom Saratoga Springs: 518.580.8500 St. Johnsbury: Bolton802.751.7582 Landing: 518.644.9500 Lake Placid: 518.523.2550 Southern Vermont Central New York Mount Snow: 802.464.1200 Stratton: 802.297.1100 Syracuse: 315.685.8100 Manchester: Thousand 802.362.4551 Islands Region: 315.685.8100 Okemo: 802.228.4537 Finger Lakes Region: 315.685.8100

New Hampshire Lake Sunapee Region New London: 603.526.4050 Lakes Region of New Hampshire Meredith: 603.677.7012 Southern New Hampshire Bedford: 603.413.7600 Peterborough: 603.924.3321 Upper Valley Hanover: 603.643.6070

Upper Valley Western New York Fairlee: 802.333.4701 Buffalo: 716.320.1414 Rochester: 585.394.7111

Vermont New York Hudson Valley Champlain Valley Kingston:802.864.0541 845.331.3100 South Burlington: Rhinebeck: 845.876.5100 Central Tivoli:Vermont 845.757.5000 Catskill: 518.943.7533 Rutland: 802.774.7007 Hudson: 518.822.0800 Killington: 802.746.4203 Stowe: 802.253.7267 Upstate New York Northeast Kingdom Saratoga Springs: 518.580.8500 St. Johnsbury: 802.751.7582 Bolton Landing: 518.644.9500 Lake Placid: 518.523.2550 Southern Vermont Central New York Mount Snow: 802.464.1200 Stratton: Syracuse: 802.297.1100 315.685.8100 Thousand Manchester: Islands 802.362.4551 Region: 315.685.8100 Okemo: 802.228.4537 Finger Lakes Region: 315.685.8100

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Upper Western ValleyNew York Fairlee:Buffalo: 802.333.4701 716.320.1414 Rochester: 585.394.7111

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