Laconia, New Hampshire has seen a major increase in the number of new condominium developments and subdivisions approved. A number of them are well underway with a good number of sales, while others have been building out their infrastructure or are still going through approval stages. There is a lot of proposed activity for a city the size of Laconia, which brings into question what the absorption rate will be. The Lakes Region’s beauty and its small-town atmosphere are qualities that could be threatened if development is not thoughtfully managed.
Seven Years of Condominium Sales in Laconia, NH
I wanted to take a look at the past 7 years of sales activities for condominium sales in Laconia. Here’s what I came up with:
2019 Condominium Sales in Laconia
162 sales, median sales price of $181,750, average price of $220,065, highest $1,065,000, lowest $27,000, median days on the market 17, total sales volume $37,270,650.
2020 Condominium Sales in Laconia
187 sales, median sales price of $236,000, average price of $273,410, highest $867,900, lowest $74,000, median days on the market 11, total sales volume $51,127,759.
2021 Condominium Sales in Laconia
187 sales, median sales price of $251,000, average price of $303,674, highest $1,100,000, lowest $67,000, median days on the market 6, total sales volume $56,787,188.
2022 Condominium Sales in Laconia
172 sales, median sales price of $340,000, average price of $446,594, highest $1,400,000, lowest $22,000, median days on the market 7, total sales volume $76,814,189.
2023 Condominium Sales in Laconia
163 sales, median sales price of $450,000, average price of $514,637, highest $1,450,000, lowest $20,000, median days on the market 14, total sales volume $83,885,921.
2024 Condominium Sales in Laconia
160 sales, median sales price of $425,000, average price of $498,470, highest $1,488,610, lowest $77,750, median days on the market 22, total sales volume $79,755,210.
2025 Condominium Sales in Laconia
133 sales, median sales price of $409,900, average price of $484,741, highest $2,050,000, lowest $125,000, median days on the market 23, total sales volume $64,470,602.
2025 Condominiums Under Contract and For Sale in Laconia
2025 Condominiums Under Contract / Pending (as of November 10, 2025):
17 condos under agreement, median list price $829,000, average list price $754,247, highest price $1,499,900, lowest list price $255,000, total listed volume under agreement $12,822,200.
2025 Active Condominiums For Sale (as of November 10, 2025):
45 condos for sale, median list price $537,450, average list price $595,490, highest list price $2,000,000, lowest list price $1,999, total listed volume $25,010,597.
Note: The number of condos presently offered for sale is understated because there are many new projects underway that have not published all or any of their inventory in MLS. There is considerably more inventory.
Market Trends and Pricing Patterns in Laconia Condominiums
You can see from the above, the higher number of sales achieved was in 2020 and 2021—a tie at 187 sales during the COVID years. The highest sales volume achieved was in 2023, with $83,885,921 in sales.
In 2019, the median sales price was $181,750; however, by 2023 the median sales price had jumped to $450,000. Fast forward to 2025 year-to-date, the median sales price dropped to $409,900. However, when you look at the 17 condos under agreement at the present time, the median list price is $829,900, reflecting some of the newer, higher-priced developments. The 45 active condos for sale show a more realistic median price at $537,450.
Median days on the market were the lowest in 2021 and 2022 at 6 and 7 days, respectively. Days on the market have increased to 22 and 23 during 2024 and 2025.
Long-Term Condominium Sales and Absorption Rate in Laconia
Looking at the seven-year average of condominium sales in Laconia, we see roughly 169 unit sales per year. During this period, interest rates were generally favorable, and prices in the earlier years were lower. We also observed a market surge during the COVID-19 pandemic, as out-of-state buyers sought more space outside crowded urban areas.
New Developments and Future Housing Growth in Laconia
Currently, there are 15 new development projects either under construction or in the approval process in Laconia, representing close to 840 new housing units. Additionally, the proposed plan for the former State School property is estimating up to 2,050 housing units. Taken together, this could bring the total potential new housing units in the city to nearly 2,890.
Published estimates suggest a build-out for the State School project could occur over 3.5 to 15 years, depending on the source—which seems a bit robust. The mixed-use development includes 375,000 square feet of commercial space, a 67,000-square-foot grocery store, a hotel, medical offices, and 25,000 square feet for civic uses, all on a 217-acre site—a notably ambitious project by local standards.
Comparing Past and Future Developments in Laconia
When considering these additions alongside existing condominium inventory, the potential increase is significant. By comparison, over a similar multi-decade period, Roche Realty Group marketed South Down Shores and Long Bay, which together cover roughly 360 acres and nearly a mile of Lake Winnipesaukee shoreline. It took close to 30 years to sell approximately 640 properties—plus resales.
What Will the Absorption Look Like for Laconia’s Future Developments?
As Laconia sees higher-density developments proposed and approved, it raises practical questions:
What might the absorption rate look like over the coming years? How will these new units integrate with existing neighborhoods and amenities? Will green spaces be preserved?
Growth is inevitable, and the market will respond over time, but monitoring absorption rates and the pace of development is essential for informed planning.
This article was written by Frank Roche. Frank is president of Roche Realty Group located in Meredith, NH, 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 (FAQ) About Laconia Condominiums & New Developments
Q1: What new condominium developments are currently underway in Laconia, NH?
A1: There are 15 new condominium and housing development projects either under construction or in the approval process in Laconia, representing roughly 840 new units. Additionally, the former State School property plans could add up to 2,050 housing units, making nearly 2,890 potential new homes in total.
Q2: How have condominium sales in Laconia changed over the past seven years?
A2: Between 2019 and 2025, the number of condominium sales fluctuated, with the highest sales occurring in 2020 and 2021 at 187 units each year. Median prices increased from $181,750 in 2019 to a peak of $450,000 in 2023, reflecting demand and market trends in the Lakes Region.
Q3: What is the median sales price for Laconia condominiums in 2025?
A3: As of November 10, 2025, the median sales price for Laconia condominiums is $409,900. However, newer developments show higher median list prices, such as $829,000 for condos currently under agreement.
Q4: How quickly are condominiums selling in Laconia?
A4: Median days on the market ranged from 6–7 days in 2021 and 2022 to 22–23 days in 2024 and 2025. This indicates that while the market was very active during the COVID surge, sales pace has slowed slightly with higher-priced inventory.
Q5: What is the potential impact of new developments on Laconia’s neighborhoods?
A5: Higher-density developments may affect absorption rates, green spaces, and the integration with existing communities. Thoughtful planning is essential to maintain Laconia’s small-town atmosphere while accommodating growth.
Q6: Are there any mixed-use developments in Laconia?
A6: Yes, the former State School property is planned as a mixed-use development with residential, commercial, retail, civic, and hotel spaces on a 217-acre site. This includes 375,000 square feet of commercial space, a 67,000-square-foot grocery store, and 25,000 square feet for civic use.
Q7: How can buyers track available condominiums in Laconia?
A7: Buyers should consult MLS listings, local real estate groups like Roche Realty Group, and monitor new development announcements, as many new units may not yet be fully listed on the market.
