new hampshire real estate - craigslist (2024)

FAQs

Is the New Hampshire real estate market slowing down? ›

Home values in New Hampshire rose by 66.3% in the last 5 years. Home sales increased by 0.9% in January 2024 YoY despite the mortgage rate climbing to 7.28%! So, New Hampshire's housing market is strong, if not bullish. Even if mortgage rates continue to increase alarmingly, home sales will not falter.

The association said depleted inventory is the main reason why house prices in the state are so elevated. Single-family homes available for sale dropped by 2 percent from a year ago to about 1,230 homes, a 1.3 month of supply. A healthy market needs between 5 to 7 months of supply, according to NHAR.

How to Get an MLS Listing Without a Realtor in New Hampshire? There is no direct way to list your property on the MLS without an agent. However, you can opt for a NH Flat Fee MLS listing service. With this listing, you can pay a small fee upfront instead of the 5% – 6% agent commission.

The state's strong economy, low unemployment rate, and high demand for housing contribute to the overall stability of the market. New Hampshire boasts a thriving rental market, making it an attractive destination for real estate investors looking to generate passive income.

$479,363. The average New Hampshire home value is $479,363, up 8.9% over the past year and goes to pending in around 7 days.

There are currently 5,116 homes for sale in New Hampshire. The median list price in New Hampshire is $565,000 and the average price per square foot is $273.

New Hampshire is the state with the seventh highest median household income in the United States: $89,992 as of 2022. The most affluent parts of the state are in the Seacoast Region, in the outer Boston suburbs, and around Dartmouth College.

The cost of living in NH is 15% less than MA. The cost of groceries in NH is 14% less than MA. The cost of housing in NH is 25% less than MA. The cost of utilities in NH is 10% less than MA.

You aren't required to hire a real estate attorney in New Hampshire, but regardless, it is wise to enlist legal help when you're dealing with a lot of money and a lot of complex contract language. And even if you don't hire your own attorney, there will be a real estate attorney involved in the closing.

Do you need a sellers permit in NH? ›

The State of New Hampshire does not have a general sales and use tax. Therefore, the state does not issue reseller permits or issue tax exempt numbers.

High Cost of Living: Despite its lack of sales and income tax, New Hampshire has a relatively high cost of living compared to other states in the region. Housing prices, healthcare expenses, and utility costs can be expensive, particularly in more affluent areas.

U.S. Census Bureau reports that the average salary for New Hampshire residents is $83,449. However, to stick to the rule of spending only 30% on your monthly income on rent, you only need an income of a bit over $50,000 to live comfortably in a one-bedroom apartment in Manchester, New Hampshire that costs $1,270.

New Hampshire is known as a low-tax state. But while the state has no personal income tax and no sales tax, it has the fourth-highest property tax rates of any U.S. state, with an average effective rate of 1.77%.

Most experts do not expect a housing market crash in 2024 since many homeowners have built up significant home equity. The issue is primarily an affordability crisis. High interest rates and inflated home values have made purchasing a home challenging for first-time homebuyers.

$393,649. The average Vermont home value is $393,649, up 4.4% over the past year and goes to pending in around 8 days.

$403,919. The average Maine home value is $403,919, up 7.5% over the past year and goes to pending in around 9 days.