What’s Happening in the Belknap County New Hampshire Housing Market? – December 3, 2025 Update

Seller’s Perspective

Strong Pricing & Quick Sales

• The average final sale price is 98% of the final list price, indicating sellers are getting close to what they ask for.
• The average days on market (DOM) for sold homes is 65, with a median of 46 days—homes are moving relatively quickly.
• The months’ supply of inventory is 3.3, reflecting a market that slightly favors sellers but is less aggressive than a hyper-seller’s market (typically under 2 months supply).

Pending Activity

• Pending ratio is 9%, meaning for every 100 active listings, about 9 are under contract. This is moderate, suggesting steady but not frenzied buyer activity.
• Average list prices for active homes ($901k) are higher than the average sold prices ($649k), which may indicate some overpricing at the top end or more activity in lower price segments.

Advice:
Pricing competitively and preparing homes well for market should result in a timely sale near asking price. There’s still enough buyer demand to support strong offers, especially in the $250k–$700k range.

Buyer’s Perspective

Negotiation Room & Inventory

• Buyers are paying, on average, 98% of final list price and 95% of original list price, showing some room for negotiation, particularly if a home has been on the market longer.
• With an average DOM of 65 for solds and 74 for actives, buyers have a bit more time to make decisions compared to a super-hot market.
• Inventory is at 3.3 months—so while competition exists, it’s not overwhelmingly tight.

Price Segmentation

• Lower price segments ($0–500k) see more activity and a slightly higher pending ratio (13%), so buyers in these brackets need to move faster.
• Higher segments ($1M+) have longer DOM and higher months’ supply (5.8+), giving buyers more leverage and options.

Advice:
Buyers should be prepared to act quickly on well-priced homes in the lower and mid ranges. In higher price brackets, there’s more negotiation power and less urgency.

Summary:
Belknap County remains a balanced to mildly seller-favored market. Sellers benefit from strong pricing and reasonable selling times, while buyers—especially above $700k—have more choices and negotiation power. For both, understanding the dynamics of their specific price segment is key to success.


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