New Hampshire’s Median Home Sales Price Hits New Record
It was announced this week by the New Hampshire Association of Realtors that New Hampshire’s median home sales price hit a record high in June, jumping to $565,000 (a 4.6% increase from the previous high of $540,000 in June 2024) according to the New Hampshire Association of Realtors.
All of us in the real estate industry have been watching the numbers closely. It’s pretty scary because this marks the 65th consecutive month that New Hampshire has seen a monthly price increase compared to the same month of the previous year.
I have been practicing real estate in the Lakes Region for 49 years, and I have not seen the market respond like it is today with so many frequent increases. I keep saying, when will the housing market cool off or take a dip?
Inventory Shortage Still Driving the New Hampshire Housing Market
The problem I see in the Lakes Region is that we had a surge in sales from out-of-state buyers that started with the COVID-19 pandemic, and the intensity of that surge has slowed; however, we still do not have a balanced market.
Even though more product is coming on the market, we are still way down in inventory numbers. For example:
There were 2,431 single-family homes for sale in New Hampshire during June
Compared to 7,112 homes for sale nine years ago — that’s a huge difference
To reach a balanced market in New Hampshire, we need 5–6 months of inventory.
We are now halfway through 2025, and I wanted to see how our 3 counties in the Lakes Region performed compared to the same 6 months during 2024. I pulled the numbers from PrimeMLS.
Single-Family Home Sales by County
Belknap County
2025: 312 sales | $115,000–$5,250,000
Median Price: $519,500 | DOM: 12 | Total Volume: $211,131,9792024: 318 sales | $75,000–$5,350,000
Median Price: $486,500 | DOM: 10 | Total Volume: $217,255,444
Carroll County
2025: 361 sales | $65,000–$5,952,000
Median Price: $492,000 | DOM: 21 | Total Volume: $236,575,4762024: 301 sales | $130,000–$6,300,000
Median Price: $460,000 | DOM: 16 | Total Volume: $197,187,259
Grafton County
2025: 372 sales | $43,500–$4,000,000
Median Price: $453,500 | DOM: 14 | Total Volume: $225,244,4222024: 362 sales | $50,000–$3,920,000
Median Price: $414,500 | DOM: 11 | Total Volume: $197,763,370
Condominium Sales by County
Belknap County
2025: 126 sales | $24,000–$2,495,000
Median Price: $432,500 | DOM: 14 | Total Volume: $62,779,8212024: 110 sales | $24,500–$1,275,500
Median Price: $362,500 | DOM: 12 | Total Volume: $50,338,700
Carroll County
2025: 88 sales | $15,000–$2,063,178
Median Price: $410,000 | DOM: 18 | Total Volume: $47,915,2522024: 99 sales | $9,500–$1,630,000
Median Price: $400,000 | DOM: 11 | Total Volume: $45,013,321
Grafton County
2025: 163 sales | $5,500–$1,995,000
Median Price: $387,500 | DOM: 16 | Total Volume: $73,879,5002024: 170 sales | $14,500–$1,300,000
Median Price: $390,000 | DOM: 8 | Total Volume: $73,158,154
Lake Winnipesaukee Waterfront Home Sales (Including Island Properties)
2025: 25 sales | $900,000–$5,952,000
Median Price: $2,200,000 | DOM: 40 | Total Volume: $68,316,0002024: 25 sales | $993,000–$6,300,000
Median Price: $2,585,000 | DOM: 22 | Total Volume: $72,167,703
Lakes Region Real Estate Outlook – Summer 2025
In summary, the limited housing inventory is keeping the Lakes Region housing market competitive and is still driving up prices. Certain parts of the market are seeing price reductions and longer days on the market; that’s a good thing for buyers. At the lower price points, there is not enough product to satisfy the demand, and that makes it very challenging for individuals looking to purchase their first homes. We are seeing this housing market transition in other parts of the country.
- Florida
- Austin, TX
- Phoenix
- Las Vegas
- Denver
- Seattle
…are all examples that the winds are now headed to the Northeast. We simply need more inventory, which in turn will ease the upward pressure on home prices, and we need mortgage rates to decline to see a meaningful increase in housing market activity. In the meantime, we are fortunate to live in the Granite State…we are in a good place!
This article was written by Frank Roche. Frank is president of Roche Realty Group, located in Meredith, and can be reached at (603) 279-7046. Sales Data was pulled 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.
