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March 2022 New Hampshire Single Family Market Update

Corina Cisneros

Since 2015 and up to December 2020, I have helped over 412 families transition homes...

Since 2015 and up to December 2020, I have helped over 412 families transition homes...

Apr 19 2 minutes read

The New Hampshire residential housing market hit a new price record in March, as the median price of single-family residential homes jumped to $440,000 – 21 percent higher than a year ago and a remarkable $30,000 above what had previously been the New Hampshire high watermark, set last August.

Not surprisingly, the Affordability Index – which weighs the median household income vs. the median cost of a home – plummeted 29 percent from just a month ago to its lowest point in NHAR's recorded history. The median income in New Hampshire is now only 80 percent of what is needed to qualify for the median-priced home under prevailing interest rates. By contrast, that number has been over 200 percent as recently as February 2018.

And inventory has done nothing to alleviate the affordability crisis. At the end of March, there were 1,134 single-family residential homes on the market in New Hampshire, a 19 percent decrease from a year ago. 

Meanwhile, the number of single-family residential homes sold in New Hampshire dropped as well, dipping by 23 percent from March 2021.

Our monthly market update showcases everything you need to know about local real estate trends over the last month. 

NH Median Sales Price

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

NH Days on Market

Average number of days between when a property is listed and when an offer is accepted in a given month.

March Market Update for Belknap

63

Closed Sales

$459,900

Median Sales Price

$39.7M

Sales Volume

28

Days on Market

75

Pending Sales

March Market Update for Carroll

50

Closed Sales

$405,500

Median Sales Price

$31.6M

Sales Volume

36

Days on Market

61

Pending Sales

March Market Update for Hillsborough

207

Closed Sales

$459,900

Median Sales Price

$107.3M

Sales Volume

22

Days on Market

289

Pending Sales

March Market Update for Merrimack

96

Closed Sales

$393,750

Median Sales Price

$43.4M

Sales Volume

41

Days on Market

133

Pending Sales

March Market Update for Rockingham

185

Closed Sales

$590,000

Median Sales Price

$121.6

Sales Volume

34

Days on Market

259

Pending Sales

March Market Update for Strafford

65

Closed Sales

$390,000

Median Sales Price

$28.5M

Sales Volume

20

Days on Market

96

Pending Sales

Curious about how your home's value has changed?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.

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