After a tough February, March single-family home sales perked up in New Hampshire, with all major indicators trending positive, though inventory and affordability still remain historically low.
The median sales price for a single-family home in New Hampshire in March was $530,000, according to the New Hampshire Association of Realtors monthly market report. That’s up just 1% from March 2025, when it was $525,000, which was also February’s MSP. Median means that have of the homes sold for more, half for less.
Buyers looking for a home in Manchester could snag a bargain, with the city’s MSP at $450,000, down 4.9% from $473,000 a year ago. But the city’s inventory was also 0.6, which means about half a month’s inventory, so choices for buyers were limited.
Statewide, there were year-over-year increases in closed sales [5.6%], pending sales [7.9%], new listings [7.4%], and overall homes for sale [13.2%]. [For specific numbers, see the chart].
Inventory was up 7.7%, from 1.3 months’ supply to 1.4, but still remained well below the 6 months’ supply needed for a healthy market. That means that if all the properties listed were sold at the current pace, with no new properties added, it would take 1.4 months to deplete the market.
The affordability index was 59, which means that the area median income for New Hampshire is 59% of what’s needed to make monthly payments on a median-priced home, including mortgage, property tax and insurance. It was 58 in March 2025.
Buyers got more of a break this year than they did in March 2025, with homes staying on the market an average of 44 days, up from 38. Buyers paid an average 99.8% of list price, compared to 99.6% a year ago.
Median sales price dropped 1.2% year-over-year for condo/townhouse properties, to $420,000 in March compared to $425,000 in March 2025.
Most of the indicators in the much smaller market were also positive, with increases in closed sales [29.1%], pending sales [2.8%], new listings [13.6%], and overall homes for sale [6.6%].
Inventory, though, was down 5.6%, to 1.7 months’ supply from 1.8.
Things were a little better for buyers than they were a year ago – homes stayed on the market an average 48 days, compared to 37 in March 2025, and buyers paid an average 99.2% of list price compared to 100.4% a year ago. The affordability index rose to 74 from 71.
Hillsborough County and Manchester
Median sales price in Hillsborough County, while still higher than the state median, at $548,750, was down 1.1% from last March’s $554,700. Closed sales in the county were up 6.6%, to 178 from 167 in March 2025.
Manchester’s homes were more of a bargain, with a March MSP of $450,000, down 4.9% from $473,000 a year ago.
Closed sales in Manchester were up 19.4%, with 43, compared to 26. Homes spent an average 27 days on the market, up 80% from the 15-day average of a year ago.
That said, the market was still super tight, with months supply of inventory at 0.6, up from 0.5 last year, with 34 homes for sale, compared to 23 a year ago. Pending sales were down 19%, to 51 from 62, and new listings were down 4.8%, to 60 from 63.
Buyers paid 101% of list price, down from 102.9% a year ago, and sellers lowered their expectations slightly for a 1.2% drop in list price, to $444,450 from $449,999 a year ago.
Hillsborough County condo/townhouses sold for a median $375,000 in March, on 113 properties sold, down from $380,000 a year ago on 79 properties sold.
County numbers statewide
Rockingham County, on the Seacoast, remained the priciest county in the state to buy a home, with an MSP of $660,000 on 152 properties sold. The MSP was 3.1% higher than last year’s $639,900 on 147 properties sold.
The least expensive county to buy a home was Coos, in the state’s northern tip, where MSP was $240,000 on 21 properties sold, a 14.3% price hike over last year’s $210,000 on 23 properties sold.
The county with the biggest price hike in the state was Grafton County, on the state’s western border, with a 15.6% increase, to $490,000 on 44 properties sold compared to $424,000 on 46 properties sold in March 2025.
Prices were up in five of the state’s 10 counties, including Belknap [9.8%], Cheshire [9.4%], Coos [14.3%], Grafton [15.6%], and Rockingham [3.1%].
The largest price decrease was in Carroll County, which had a $497,000 MSP on 68 properties sold, for a 5.3% drop. The number of closings was a 47.8% increase over last year, by far the largest increase in the state in March.
Other counties with price drops were Hillsborough [1.1%], Merrimack [0.5%], Strafford [3.8%] and Sullivan [2.9%].
National numbers
Nationally, the median sales price was $398,000 in March, a 0.3% increase from 12 months before. It was the 32nd consecutive month that the national median home price increased, according to the National Association of Realtors.
Inventory continued to grow nationwide, ticking up 2.4% month-over-month and 4.9% year-over-year to 1.29 million units, representing a 3.8-month supply at the current sales pace.
U.S. existing-home sales “unexpectedly” rose 1.7% month-over-month to a seasonally adjusted annual rate of 4.09 million, with lower mortgage rates providing a boost, according to the NAR. Monthly sales increased in the Midwest, South, and West, but were down in the Northeast. Year-over-year, sales increased in the South, but fell in the Northeast, Midwest, and West.