What's new in New Hampshire’s Housing Market for 2025?

The median price for a single-family home in New Hampshire reached $514,000 in 2024—the highest it has ever been. Just a decade ago, that number was $228,000. Times they are changing. For those who have owned their homes for years, this dramatic rise in property values has significantly increased their equity and financial options.

But what does this mean for you?

If you’re a first-time buyer, we get it—this market can feel daunting. Prices are high, and the inventory is tight. But don’t lose hope. With the right strategy and support, finding your first home is still possible. Every homeowner was once a first-time buyer, and we’re here to help guide you through the process so you can take that first step toward building equity and putting down roots.

If you’re a current homeowner, you may be in a stronger position than you realize. Whether you’re considering selling, tapping into your home’s equity for renovations, or downsizing to simplify your life, now might be the perfect time to explore those options. Rising property values mean you’ve likely built up significant equity that could help you achieve your next goal.

Susan Cole, the president of the New Hampshire Association of Realtors (NHAR), highlighted both the challenges and opportunities in this market. “The greatest obstacle continues to be the lack of inventory and subsequent lack of affordability,” she said. Still, she emphasized that for those ready to take action, there are ways to navigate these conditions and benefit from them.

Governor Kelly Ayotte is addressing these challenges head-on. In her January 2025 address, she pointed to innovative housing solutions like Rochester’s workforce housing complex and Berlin’s transformation of the old Brown Elementary School into housing. These examples show how communities can adapt and create new opportunities for residents. By working together—state and local governments, private organizations, and homeowners—we can build a more balanced and thriving housing market.

The NHAR’s recent housing survey shared some important insights:

• Many residents support building more housing to help lower costs, even if it means altering the rural character of some areas.

• There’s growing interest in solutions like smaller lots and accessory dwelling units (ADUs) to increase housing options.

• For long-time homeowners, the rise in property values offers new opportunities to make the most of their investment.

While the rapid growth of the housing market can feel overwhelming, it also presents opportunities for those who plan strategically. With home prices increasing 70% since 2019, many homeowners have seen their property values soar, giving them a chance to make bold moves in a strong market. And for buyers, investing in New Hampshire real estate now could set you up for long-term gains. When is the best time to buy? We like to say...Yesterday!

NHAR is pushing for changes to zoning laws to encourage responsible growth and ensure a bright future for New Hampshire’s housing market. “Government has played a role in creating this situation with restrictive zoning and unnecessary regulations,” Cole said. “It’s time to trust our neighbors and expand private property rights.”

At Luxe Living, we know that buying or selling a home is more than just a transaction—it’s a big life decision. Whether you’re looking for your very first home, thinking about selling and starting a new chapter, or exploring investment opportunities, we’re here to make the process smoother and more enjoyable for you. Yes, today’s market has its challenges, but it also brings so many possibilities. Let’s tackle this journey together and find the right path for you in the ever-changing Granite State housing landscape.

To read more about this, check out this NHBR article here. 

Thinking of making a move to New Hampshire, or are you looking to Sell? We're here to help! Reach out today! 

Jen Delisle & Erin Dinsmoor, Luxe Living Real Estate

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