Happy New Year Lakes Region!
All of us have celebrated New Year’s Eve as we look forward to a prosperous and healthy New Year in 2026. I always look forward to this time of year. As we enjoy the festivities of the holidays and look forward to what lies ahead, it’s also good to look back and celebrate what we experienced during 2025.
I’m happy to report that our real estate experience during 2025 was very positive in the Lakes Region. At the beginning of the year, I had my concerns, however as the year progressed, the winds of the markets gently increased and the Lakes Region market ended the year on a very positive note, improving over the year 2024.
2025 Real Estate Market Results Compared to 2024
Single-Family Home Sales by County
Belknap County
2025: 785 sales | $60,000–$9,000,000
Median Price: $520,000 | DOM: 13 | Total Volume: $582,362,503
2024: 770 sales | $75,000–$7,050,000
Median Price: $500,000 | DOM: 12 | Total Volume: $560,439,248
Carroll County
2025: 927 sales | $60,000–$8,100,000
Median Price: $507,500 | DOM: 21 | Total Volume: $695,571,429
2024: 841 sales | $55,000–$6,995,000
Median Price: $471,000 | DOM: 17 | Total Volume: $561,009,979
Grafton County
2025: 874 sales | $37,500–$5,365,000
Median Price: $462,500 | DOM: 16 | Total Volume: $534,701,185
2024: 885 sales | $50,000–$5,900,000
Median Price: $430,000 | DOM: 12 | Total Volume: $514,235,464
Condominium Sales by County (Excluding Timeshares)
Belknap County
2025: 257 sales | $70,000–$2,495,000
Median Price: $441,000 | DOM: 16 | Total Volume: $132,298,246
2024: 234 sales | $77,750–$1,488,610
Median Price: $394,500 | DOM: 19 | Total Volume: $112,044,610
Carroll County
2025: 187 sales | $110,000–$2,063,178
Median Price: $405,000 | DOM: 27 | Total Volume: $100,153,508
2024: 189 sales | $170,000–$1,630,000
Median Price: $430,000 | DOM: 15 | Total Volume: $100,809,175
Grafton County
2025: 362 sales | $107,000–$1,995,000
Median Price: $395,000 | DOM: 18 | Total Volume: $172,415,622
2024: 344 sales | $105,000–$2,175,000
Median Price: $395,650 | DOM: 13 | Total Volume: $157,938,974
Waterfront Home Sales in the Lakes Region
(Excluding Island Properties)
Lake Winnipesaukee
2025: 85 sales | $665,000–$8,100,000
Median Price: $2,750,000 | DOM: 26 | Total Volume: $255,258,782
2024: 71 sales | $500,000–$7,050,000
Median Price: $2,500,000 | DOM: 22 | Total Volume: $200,792,090
Lake Winnisquam
2025: 19 sales | $675,000–$4,750,000
Median Price: $1,520,000 | DOM: 25 | Total Volume: $31,577,460
2024: 17 sales | $360,000–$3,600,000
Median Price: $1,400,000 | DOM: 20 | Total Volume: $24,684,000
Newfound Lake
2025: 6 sales | $998,000–$2,611,500
Median Price: $1,127,500 | DOM: 35 | Total Volume: $8,604,500
2024: 6 sales | $425,000–$4,775,000
Median Price: $2,087,500 | DOM: 26 | Total Volume: $13,700,000
Squam Lake
2025: 5 sales | $1,400,000–$6,500,000
Median Price: $5,900,000 | DOM: 8 | Total Volume: $23,100,000
2024: 6 sales | $1,450,000–$5,900,000
Median Price: $3,722,063 | DOM: 24 | Total Volume: $21,744,126
2025 Market Performance Summary
You can see from the above, sales results were very favorable for 2025. Individual unit sales increased in almost all categories. Median sales prices, likewise, increased in the majority of categories and days on market had a slight increase, however they remained at consistently low levels.
It’s interesting to see the median sales price for single family homes in Belknap County was $520,000, in Carroll County it was $507,500, and in Grafton County it was $462,500.
For condos, it was $441,000 in Belknap County, $405,000 in Carroll County, and $395,000 in Grafton County.
Lake Winnipesaukee experienced an increase in sales this year with a median sales price of $2,750,000 with sales prices ranging from $665,000 to $8,100,000.
Lake Winnisquam produced a median sales price of $1,500,000, Newfound Lake ended up with a median sales price of $1,127,500 and Squam Lake’s median sales price was a whopping $5,900,000 for only 5 sales.
Looking Ahead: The New Hampshire Real Estate Market
I remember reporting back in July that the New Hampshire real estate market had experienced 65 consecutive months of monthly price increases compared to the same month of the previous year. Yes, New Hampshire has been on a roll and so has the Lakes Region.
We do have some serious affordability issues that everyone is concerned about and of the biggest challenges facing the Lakes Region today is finding a balance between development and conservation. The Lakes Region’s charm lies in its natural beauty and its small town atmosphere – qualities that are threatened if development is not thoughtfully managed.
We live in a beautiful area, let’s all work together to preserve its natural beauty. Most importantly of all, I wish all of you a Happy & Healthy New Year!
This article was written by Frank Roche. Frank is the president of Roche Realty Group located in Meredith, and can be reached at (603) 279-7046. Data was compiled from PrimeMLS and is subject to change. Please feel free to visit www.rocherealty.com to learn more about the Lakes Region and its real estate market.
Frequently Asked Questions About the Lakes Region Real Estate Market
How did the Lakes Region real estate market perform in 2025 compared to 2024?
Sales results were very favorable for 2025, with individual unit sales increasing in almost all categories. Median sales prices increased in the majority of categories, and while days on market rose slightly, they remained consistently low.
Which counties saw the strongest single-family home sales in 2025?
Belknap, Carroll, and Grafton Counties all showed positive results in 2025, with increased sales volume and higher median prices compared to 2024.
What were median home prices in the Lakes Region in 2025?
Median prices for single-family homes were $520,000 in Belknap County, $507,500 in Carroll County, and $462,500 in Grafton County.
How did the waterfront real estate market perform in 2025?
Waterfront home sales increased across several lakes, including Lake Winnipesaukee, which recorded a median sales price of $2,750,000 with prices ranging from $665,000 to $8,100,000.
Is affordability still a concern in the New Hampshire real estate market?
Yes, affordability remains a serious concern, and one of the biggest challenges facing the Lakes Region is finding a balance between development and conservation.
