2025 New Hampshire Real Estate Market Forecast

While our team is gearing up for a busy spring season here in Bedford, New Boston and our surrounding towns, one thing is remaining true, there are not enough houses coming on the market for sale to accommodate the overwhelming amount of prospective / qualified buyers who are looking to make a move.

Featured Property: 6 Beaver Lake Road, Derry, New Hampshire — Recently sold: $805,000

The real estate market in New Hampshire has been challenging, to say the least. Currently, we consider this a “Seller’s Market”. Due to high demand and low inventory, prices for homes have continued to increase year over year. For the year ahead, we expect a similar story. Here is what Housing Wire recently shared:

“The supply crisis and the resulting affordability crisis are problems that have been building for a long time, and it has really hit this fever pitch where it is widely recognized as the biggest challenge facing the state,” said Rob Dapice, the executive director and CEO of New Hampshire Housing.

“We have one of the tightest housing markets and we have an economy that has grown more quickly than the economies in other New England states, which in a lot of ways reflects that we bill ourselves as being a business-friendly state.”

…The prolonged low-inventory situation, combined with the continued influx of new residents, has resulted in a current housing shortage of 23,500, according to NH Housing’s 2023 Statewide Housing Needs Assessment.

Based on the state’s estimated population growth, nearly 60,000 additional units of housing are needed between 2020 and 2030, while nearly 90,000 units are needed between 2020 and 2040. This is based on an estimate that some 52,500 households will be added between 2020 and 2030, or roughly 74,400 between 2020 and 2040.

Such a massive need for new homes has resulted in soaring home-price appreciation across the state. In mid-December, the 90-day average median list price in New Hampshire was $600,000, up $50,000 from a year prior and nearly $300,000 higher than in December 2019, according to Altos data.

In parallel to the housing supply, we continue to watch the trends for the Mortgage Interest Rates. After talking with several local lending professionals the consensus appears to be mortgage rates have stabilized. While we may see some small reductions towards the tail end of the year, for the foreseeable year ahead, expect interest rates to remain between 6% & 7%.