Inching closer to an unprecedented $600,000 threshold, the median price of a single-family home in New Hampshire reached an historic high of $580,000 in July.
After what appeared to be a possible leveling off period at the beginning of the selling season, home prices surged in July to the $580,000 mark, up from $575,000 in June, up from $560,000 in April, and up from $549,700 in July of 2025. That’s a one-year jump of 5.51%.
And the reasons remain what they have been for years in this current residential real estate market: high demand and limited supply, even though the supply side is actually improving somewhat.
“We are getting more inventory, but there’s nothing that’s going to move the needle too far in either direction,” said Joshua Greenwald, owner/broker of Greenwald Realty Group in Keene and president of the New Hampshire Association of Realtors (NHAR).
NHAR’s July market report shows that inventory — as evidenced by the months of supply data point — is indeed 8% better than July 2025. However, at 2.7 months of supply that still far below what a balanced market should be — from four to six months.
Summer is typically a residential real estate broker’s busiest time of year.
Greenwald said he’s seeing some movement toward more normalcy, away from the COVID era boom of homes priced way over appraised value, multiple cash offers, and no contingency sales.
That still happens on occasion, according to Greenwald, but with less frequency.
“Now it’s a little bit more of a normal process, where people are paying what the property is worth,” said Greenwald.
That said, residential property is still worth a lot in New Hampshire, according to NHAR data.
Single-family home prices reached the $500,000 threshold in November 2024 and have remained at or above that since.
Residential condominiums/townhouses breached the $400,000 threshold in May 2024 and have remained at or above since, except for a single month in February 2025.
Even manufactured/mobile homes have been on the rise — from $131,750 in January to $195,450 in June, settling back to $170,000 in July, according to NHAR
After a bit of a lull from May to June — when the single-family home median went from $576,000 to $575,000 — the market was back to its old ways with July.
“That is just an indicator that the summer is a full steam locomotion of a real estate market,” Greenwald said. “You know that people are buying houses, and we have not solved our inventory price inventory situation to a point to make any significant sort of headway in lowering the median sales price.”
Other highlights from the July market report show that the affordability index for a single-family home is 71 and the index is 72 for a condo. If the index were 100, it would mean that a household had the right amount of money to afford a particular property in a particular market.
One of the factors that can skew a median price are extremely low priced sales or, conversely, extremely high priced sales.
The market sees a lot of the latter in the market that includes New Hampshire’s Seacoast region.
The Seacoast Board of Realtors reported in July there were 38 single-family sales of $1 million or more, including property on Ocean Boulevard in North Hampton that sold for $16 million, putting it among the state’s biggest sales ever.
Those 38 sales were a record, and the second time this year when sales of $1 million-plus homes broke a monthly volume record. The previous record month was May with 37.
The median price of a home in the Seacoast region is $870,000. The Seacoast board takes its data from 13 sample communities: Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook, and Stratham.
“The high-end market remains strong and for the most part, volume and median sale prices continue to move forward,” said Ryan Kaplan of the Envision Group on Compass, president of the Seacoast board.
These high-end sales on the Seacoast are what help push Rockingham County as the priciest among New Hampshire’s 10 counties from month to month.
Here, by county, are the single-family median prices, according to the NHAR July report:
Belknap $615,000
Carroll $510,000
Cheshire $428,250
Coos $269,900
Grafton $515,000
Hillsborough $585,000
Merrimack $543,500
Rockingham $700,000
Strafford $582,500
Sullivan $436,500
Here are the median prices for a condo by county:
Belknap $428,500
Carroll $437,000
Cheshire $360,000
Coos $592,500
Grafton $405,750
Hillsborough $385,000
Merrimack $390,000
Rockingham $579,900
Strafford $322,000
Sullivan $492,000
Inching closer to an unprecedented $600,000 threshold, the median price of a single-family home in New Hampshire reached an historic high of $580,000 in July. After what appeared to be a possible leveling off period at the beginning of the selling season, home prices surged in July to the $580,000 mark, up from $575,000 in June, up from $560,000 in April, and up from $549,700 in July of 2025. That’s a one-year jump of 5.51%.
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