Upper Valley of Vermont and New Hampshire Market Report - Q1/Q3 2023

Upper Valley Region

New Hampshire & Vermont market report | Q1-Q3 2023

Market Overview At A Glance UPPER VALLEY

The Upper Valley region housing market, defined by select towns in Vermont and New Hampshire, began to show signs of cooling off during the first three quarters of 2023.

Limited inventory remained a major driving factor, and the total number of units sold was down by -13.8% across the Upper Valley region. However, the average sales price increased by +8.0%, and the average days on market increased by +4.4%.

There is a full breakdown by individual towns for both Vermont and New Hampshire in this report for more details at a local market level.

Moving into the remainder of 2023 and into the First Half of 2024, we anticipate that buyer demand will continue to be active, 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.

Key Market Highlights UPPER VALLEY REGION OVERVIEW VT & NH

VERMONT

BY TOWN

NEW HAMPSHIRE

BY TOWN

Upper Valley VT & NH Overview All Properties | All Price Points Upper Valley VT & NH

2023

2022

+/-- % +/

TOTAL SALES IN UNITS:

3,091.0

3,585.0

- 13.8%

TOTAL SALES DOLLARS:

$1,415,600,000

$1,527,694,000

- 7.3%

AVERAGE SALE PRICE:

$458,707

$424,837

+ 8.0%

AVERAGE DAYS ON MARKET:

40.7

39.0

+ 4.4%

SOLD PRICE VS. LIST PRICE:

98.96%

100.53%

- 1.6%

Source: Trendgraphix Data - (1/1/23 - 9/30/23) vs. Previous Year To Date (1/1/22 - 9/30/22) All Property Types - All Price Points - Upper Valley VT & NH Select Towns

Upper Valley Vermont

Upper Valley VT by Town All Properties | All Price Points BARNARD

2023

2022

+/- %

TOTAL SALES IN UNITS:

19

18

+ 5.6%

AVERAGE SALE PRICE:

$884,600

$680,000

+ 30.1%

AVERAGE DAYS ON MARKET:

59.0

39.0

+ 51.3%

SOLD PRICE VS. LIST PRICE:

96.29%

102.68%

- 6.2%

BETHEL

2023

2022

+/- %

TOTAL SALES IN UNITS:

16

26

- 38.5%

AVERAGE SALE PRICE:

$299,800

$336,000

- 10.8%

AVERAGE DAYS ON MARKET:

76.0

61.0

+ 24.6%

SOLD PRICE VS. LIST PRICE:

96.86%

101.88%

- 4.9%

BRADFORD

2023

2022

+/- %

TOTAL SALES IN UNITS:

18

26

- 30.8%

AVERAGE SALE PRICE:

$281,900

$263,200

+ 7.1%

AVERAGE DAYS ON MARKET:

8.0

28.0

- 71.4%

SOLD PRICE VS. LIST PRICE:

101.44%

98.51%

+ 3.0%

BRIDGEWATER

2023

2022

+/- %

TOTAL SALES IN UNITS:

8

17

- 52.9%

AVERAGE SALE PRICE:

$714,000

$368,200

+ 93.9%

AVERAGE DAYS ON MARKET:

138.0

55.0

+ 150.9%

SOLD PRICE VS. LIST PRICE:

97.47%

99.44%

- 2.0%

CHELSEA

2023

2022

+/- %

TOTAL SALES IN UNITS:

12

13

- 7.7%

AVERAGE SALE PRICE:

$265,000

$377,000

- 29.7%

AVERAGE DAYS ON MARKET:

29.0

33.0

- 12.1%

SOLD PRICE VS. LIST PRICE:

100.74%

98.19%

+ 2.6%

CORINTH

2023

2022

+/- %

TOTAL SALES IN UNITS:

5

18

- 72.2%

AVERAGE SALE PRICE:

$183,700

$172,900

+ 6.2%

AVERAGE DAYS ON MARKET:

10.0

37.0

- 73.0%

SOLD PRICE VS. LIST PRICE:

101.83%

100.46%

+ 1.4%

FAIRLEE

2023

2022

+/- %

TOTAL SALES IN UNITS:

6

4

+ 50.0%

AVERAGE SALE PRICE:

$437,400

$686,300

- 36.3%

AVERAGE DAYS ON MARKET:

7.0

59.0

- 88.1%

SOLD PRICE VS. LIST PRICE:

100.52%

106.40%

- 5.5%

HARTFORD

2023

2022

+/- %

TOTAL SALES IN UNITS:

148

180

- 17.8%

AVERAGE SALE PRICE:

$406,800

$377,200

+ 7.8%

AVERAGE DAYS ON MARKET:

27.0

23.0

+ 17.4%

SOLD PRICE VS. LIST PRICE:

101.39%

101.63%

- 0.2%

HARTLAND

2023

2022

+/- %

TOTAL SALES IN UNITS:

23

32

- 28.1%

AVERAGE SALE PRICE:

$362,200

$543,800

- 33.4%

AVERAGE DAYS ON MARKET:

114.0

60.0

+ 90.0%

SOLD PRICE VS. LIST PRICE:

98.01%

97.10%

+ 0.9%

NEWBURY

2023

2022

+/- %

TOTAL SALES IN UNITS:

26

23

+ 13.0%

AVERAGE SALE PRICE:

$257,700

$309,100

- 16.6%

AVERAGE DAYS ON MARKET:

34.0

49.0

- 30.6%

SOLD PRICE VS. LIST PRICE:

96.45%

98.75%

- 2.3%

NORWICH

2023

2022

+/- %

TOTAL SALES IN UNITS:

29

31

- 6.5%

AVERAGE SALE PRICE:

$909,700

$861,000

+ 5.7%

AVERAGE DAYS ON MARKET:

52.0

65.0

- 20.0%

SOLD PRICE VS. LIST PRICE:

99.87%

101.91%

- 2.0%

POMFRET

2023

2022

+/- %

TOTAL SALES IN UNITS:

11

10

10.0%

AVERAGE SALE PRICE:

$755,100

$1,126,200

- 33.0%

AVERAGE DAYS ON MARKET:

36.0

76.0

- 52.6%

SOLD PRICE VS. LIST PRICE:

103.81%

99.90%

+ 3.9%

RANDOLPH

2023

2022

+/- %

TOTAL SALES IN UNITS:

49

52

- 5.8%

AVERAGE SALE PRICE:

$309,100

$243,900

+ 26.7%

AVERAGE DAYS ON MARKET:

68.0

106.0

- 35.8%

SOLD PRICE VS. LIST PRICE:

98.58%

99.33%

- 0.8%

ROYALTON

2023

2022

+/- %

TOTAL SALES IN UNITS:

7

17

- 58.8%

AVERAGE SALE PRICE:

$199,900

$284,700

- 29.8%

AVERAGE DAYS ON MARKET:

93.0

82.0

+ 13.4%

SOLD PRICE VS. LIST PRICE:

99.11%

92.80%

+ 6.8%

SHARON

2023

2022

+/- %

TOTAL SALES IN UNITS:

6

19

- 68.4%

AVERAGE SALE PRICE:

$270,000

$226,700

+ 19.1%

AVERAGE DAYS ON MARKET:

25.0

102.0

- 75.5%

SOLD PRICE VS. LIST PRICE:

104.45%

97.06%

+ 7.6%

STRAFFORD

2023

2022

+/- %

TOTAL SALES IN UNITS:

10

9

+ 11.1%

AVERAGE SALE PRICE:

$278,300

$379,100

- 26.6%

AVERAGE DAYS ON MARKET:

26.0

47.0

- 44.7%

SOLD PRICE VS. LIST PRICE:

98.83%

104.31%

- 5.3%

THETFORD

2023

2022

+/- %

TOTAL SALES IN UNITS:

20

20

0.0%

AVERAGE SALE PRICE:

$548,700

$371,600

+ 47.7%

AVERAGE DAYS ON MARKET:

11.0

62.0

- 82.3%

SOLD PRICE VS. LIST PRICE:

99.47%

97.40%

+ 2.1%

TUNBRIDGE

2023

2022

+/- %

TOTAL SALES IN UNITS:

14

15

- 6.7%

AVERAGE SALE PRICE:

$327,000

$438,500

- 25.4%

AVERAGE DAYS ON MARKET:

74.0

59.0

+ 25.4%

SOLD PRICE VS. LIST PRICE:

100.32%

100.95%

- 0.6%

VERSHIRE

2023

2022

+/- %

TOTAL SALES IN UNITS:

8

7

+ 14.3%

AVERAGE SALE PRICE:

$331,600

$239,100

+ 38.7%

AVERAGE DAYS ON MARKET:

118.0

27.0

+ 337.0%

SOLD PRICE VS. LIST PRICE:

92.34%

100.63%

- 8.2%

WEATHERSFIELD

2023

2022

+/- %

TOTAL SALES IN UNITS:

27

37

- 27.0%

AVERAGE SALE PRICE:

$240,500

$291,900

- 17.6%

AVERAGE DAYS ON MARKET:

52.0

97.0

- 46.4%

SOLD PRICE VS. LIST PRICE:

97.55%

98.90%

- 1.4%

WEST FAIRLEE

2023

2022

+/- %

TOTAL SALES IN UNITS:

8

7

+ 14.3%

AVERAGE SALE PRICE:

$331,600

$239,100

+ 38.7%

AVERAGE DAYS ON MARKET:

118.0

27.0

+ 337.0%

SOLD PRICE VS. LIST PRICE:

92.34%

100.63%

- 8.2%

WEST WINDSOR

2023

2022

+/- %

TOTAL SALES IN UNITS:

17

29

- 41.4%

AVERAGE SALE PRICE:

$404,500

$378,300

+ 6.9%

AVERAGE DAYS ON MARKET:

137.0

84.0

+ 63.1%

SOLD PRICE VS. LIST PRICE:

96.74%

93.20%

+ 3.8%

WINDSOR

2023

2022

+/- %

TOTAL SALES IN UNITS:

29

29

0.0%

AVERAGE SALE PRICE:

$251,500

$233,100

+ 7.9%

AVERAGE DAYS ON MARKET:

58.0

49.0

+ 18.4%

SOLD PRICE VS. LIST PRICE:

99.30%

99.80%

- 0.5%

WOODSTOCK

2023

2022

+/- %

TOTAL SALES IN UNITS:

56

68

- 17.6%

AVERAGE SALE PRICE:

$1,055,200

$893,300

+ 18.1%

AVERAGE DAYS ON MARKET:

89.0

44.0

+ 102.3%

SOLD PRICE VS. LIST PRICE:

94.95%

98.57%

- 3.7%

Upper Valley New Hampshire

Upper Valley NH by Town All Properties | All Price Points CANAAN

2023

2022

+/- %

TOTAL SALES IN UNITS:

75

70

+ 7.1%

AVERAGE SALE PRICE:

$272,700

$243,000

+ 12.2%

AVERAGE DAYS ON MARKET:

70.0

47.0

+ 48.9%

SOLD PRICE VS. LIST PRICE:

97.98%

98.06%

- 0.1%

CHARLESTOWN

2023

2022

+/- %

TOTAL SALES IN UNITS:

51

67

- 23.9%

AVERAGE SALE PRICE:

$231,400

$220,300

+ 5.0%

AVERAGE DAYS ON MARKET:

35.0

30.0

+ 16.7%

SOLD PRICE VS. LIST PRICE:

96.51%

100.19%

- 3.7%

CLAREMONT

2023

2022

+/- %

TOTAL SALES IN UNITS:

125

159

- 21.4%

AVERAGE SALE PRICE:

213.4

212.1

+ 0.6%

AVERAGE DAYS ON MARKET:

32.0

19.0

+ 68.4%

SOLD PRICE VS. LIST PRICE:

100.43%

102.70%

- 2.2%

CORNISH

2023

2022

+/- %

TOTAL SALES IN UNITS:

22

13

+ 69.2%

AVERAGE SALE PRICE:

$306,500

$334,600

- 8.4%

AVERAGE DAYS ON MARKET:

32.0

68.0

- 52.9%

SOLD PRICE VS. LIST PRICE:

98.72%

93.00%

+ 6.2%

CROYDON

2023

2022

+/- %

TOTAL SALES IN UNITS:

8

8

0.0%

AVERAGE SALE PRICE:

$330,200

$361,600

- 8.7%

AVERAGE DAYS ON MARKET:

57.0

14.0

+ 307.1%

SOLD PRICE VS. LIST PRICE:

96.55%

99.79%

- 3.2%

DORCHESTER

2023

2022

+/- %

TOTAL SALES IN UNITS:

3

14

- 78.6%

AVERAGE SALE PRICE:

$187,300

$161,500

+ 16.0%

AVERAGE DAYS ON MARKET:

15.0

115.0

- 87.0%

SOLD PRICE VS. LIST PRICE:

104.46%

93.19%

+ 12.1%

ENFIELD

2023

2022

+/- %

TOTAL SALES IN UNITS:

58

63

- 7.9%

AVERAGE SALE PRICE:

$437,300

$311,000

+ 40.6%

AVERAGE DAYS ON MARKET:

27.0

24.0

+ 12.5%

SOLD PRICE VS. LIST PRICE:

98.51%

101.61%

- 3.1%

GRAFTON

2023

2022

+/- %

TOTAL SALES IN UNITS:

33

32

+ 3.1%

AVERAGE SALE PRICE:

$229,500

$231,000

- 0.6%

AVERAGE DAYS ON MARKET:

53.0

41.0

+ 29.3%

SOLD PRICE VS. LIST PRICE:

100.00%

98.72%

+ 1.3%

GRANTHAM

2023

2022

+/- %

TOTAL SALES IN UNITS:

79

77

+ 2.6%

AVERAGE SALE PRICE:

$438,700

$442,300

- 0.8%

AVERAGE DAYS ON MARKET:

59.0

48.0

+ 22.9%

SOLD PRICE VS. LIST PRICE:

100.69%

101.20%

- 0.5%

HANOVER

2023

2022

+/- %

TOTAL SALES IN UNITS:

70

73

- 4.1%

AVERAGE SALE PRICE:

$1,061,400

$1,089,900

- 2.6%

AVERAGE DAYS ON MARKET:

40.0

21.0

+ 90.5%

SOLD PRICE VS. LIST PRICE:

98.38%

101.86%

- 3.4%

HAVERHILL

2023

2022

+/- %

TOTAL SALES IN UNITS:

84

80

+ 5.0%

AVERAGE SALE PRICE:

$205,300

$173,600

+ 18.3%

AVERAGE DAYS ON MARKET:

51.0

47.0

+ 8.5%

SOLD PRICE VS. LIST PRICE:

100.81%

100.61%

+ 0.2%

LEBANON

2023

2022

+/- %

TOTAL SALES IN UNITS:

143

154

-7 .1%

AVERAGE SALE PRICE:

$466,900

$387,700

+ 20.4%

AVERAGE DAYS ON MARKET:

21.0

26.0

- 19.2%

SOLD PRICE VS. LIST PRICE:

101.59%

103.08%

- 1.4%

LYME

2023

2022

+/- %

TOTAL SALES IN UNITS:

21

16

+ 31.3%

AVERAGE SALE PRICE:

$890,800

$843,900

+ 5.6%

AVERAGE DAYS ON MARKET:

17.0

13.0

+ 30.8%

SOLD PRICE VS. LIST PRICE:

96.90%

102.64%

- 5.6%

NEW LONDON

2023

2022

+/- %

TOTAL SALES IN UNITS:

63

63

0.0%

AVERAGE SALE PRICE:

$642,700

$789,900

- 18.6%

AVERAGE DAYS ON MARKET:

31.0

24.0

+ 29.2%

SOLD PRICE VS. LIST PRICE:

98.95%

96.89%

+ 2.1%

NEWBURY

2023

2022

+/- %

TOTAL SALES IN UNITS:

31

50

- 38.0%

AVERAGE SALE PRICE:

$878,800

$654,600

+ 34.2%

AVERAGE DAYS ON MARKET:

22.0

56.0

- 60.7%

SOLD PRICE VS. LIST PRICE:

99.50%

102.68%

- 3.1%

ORANGE

2023

2022

+/- %

TOTAL SALES IN UNITS:

5

4

+ 25.0%

AVERAGE SALE PRICE:

$208,600

$294,600

- 29.2%

AVERAGE DAYS ON MARKET:

98.0

150.0

- 34.7%

SOLD PRICE VS. LIST PRICE:

96.56%

95.48%

+ 1.1%

ORFORD

2023

2022

+/- %

TOTAL SALES IN UNITS:

7

8

- 12.5%

AVERAGE SALE PRICE:

$463,900

$284,900

+ 62.8%

AVERAGE DAYS ON MARKET:

53.0

61.0

- 13.1%

SOLD PRICE VS. LIST PRICE:

97.31%

100.31%

- 3.0%

PIERMONT

2023

2022

+/- %

TOTAL SALES IN UNITS:

8

12

- 33.3%

AVERAGE SALE PRICE:

$260,300

$227,600

+ 14.4%

AVERAGE DAYS ON MARKET:

38.0

7.0

+ 442.9%

SOLD PRICE VS. LIST PRICE:

98.02%

101.45%

- 3.4%

PLAINFIELD

2023

2022

+/- %

TOTAL SALES IN UNITS:

16

25

- 36.0%

AVERAGE SALE PRICE:

$621,500

$405,100

+ 53.4%

AVERAGE DAYS ON MARKET:

59.0

61.0

- 3.3%

SOLD PRICE VS. LIST PRICE:

99.31%

99.18%

+ 0.1%

SPRINGFIELD

2023

2022

+/- %

TOTAL SALES IN UNITS:

18

28

- 35.7%

AVERAGE SALE PRICE:

$359,700

$373,400

- 3.7%

AVERAGE DAYS ON MARKET:

48.0

38.0

+ 26.3%

SOLD PRICE VS. LIST PRICE:

102.15%

101.63%

+ 0.5%

SUNAPEE

2023

2022

+/- %

TOTAL SALES IN UNITS:

46

66

- 30.3%

AVERAGE SALE PRICE:

$702,200

$725,600

- 3.2%

AVERAGE DAYS ON MARKET:

26.0

23.0

+ 13.0%

SOLD PRICE VS. LIST PRICE:

98.00%

102.86%

- 4.7%

UNITY

2023

2022

+/- %

TOTAL SALES IN UNITS:

22

22

0.0%

AVERAGE SALE PRICE:

$242,100

$233,300

+ 3.8%

AVERAGE DAYS ON MARKET:

35.0

90.0

- 61.1%

SOLD PRICE VS. LIST PRICE:

95.33%

99.47%

- 4.2%

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Vermont New York

New Hampshire

Vermont New York

Hudson Champlain ValleyValley Kingston: 845.331.3100 South Burlington: 802.864.0541 Rhinebeck: 845.876.5100 Central Vermont Tivoli: 845.757.5000 Rutland: 802.774.7007 Catskill: 518.943.7533 Killington: 802.746.4203 Hudson: 518.822.0800 Stowe: 802.253.7267 Upstate New York Northeast Kingdom Saratoga Springs: 518.580.8500 St. Johnsbury: 802.751.7582 Bolton Landing: 518.644.9500 Southern Vermont Lake Placid: 518.523.2550 Mount Snow: 802.464.1200 Central New York Stratton: 802.297.1100 Syracuse: 315.685.8100 Manchester: 802.362.4551 Thousand Islands Region: Okemo: 802.228.4537 315.685.8100 Upper Valley Lakes Region: Fairlee:Finger 802.333.4701 315.685.8100

Lake Sunapee Region New London: 603.526.4050

Hudson Valley Champlain Valley Kingston: 845.331.3100 South Burlington: 802.864.0541 Rhinebeck: 845.876.5100 Central Vermont Tivoli: 845.757.5000 Rutland: 802.774.7007 Catskill: 518.943.7533 Killington: 802.746.4203 Hudson: 518.822.0800 Stowe: 802.253.7267 Upstate New York Northeast Kingdom Saratoga Springs: 518.580.8500 St. Johnsbury: 802.751.7582 Bolton Landing: 518.644.9500 Southern Vermont Lake Placid: 518.523.2550 Mount Snow: 802.464.1200 Central New York Stratton: 802.297.1100 Syracuse: 315.685.8100 Manchester: 802.362.4551 Thousand Islands Region: Okemo: 802.228.4537 315.685.8100 Upper Valley Finger Lakes Region: Fairlee: 802.333.4701 315.685.8100

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

Western New York Buffalo: 716.320.1414 Rochester: 585.394.7111

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Western New York Buffalo: 716.320.1414 Rochester: 585.394.7111

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