Is Belknap County, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Belknap County was a Neutral Market.
Key Takeaway
Belknap County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belknap County, NH
How much do homes in Belknap County, NH cost?
Median Sold Price
$482,500
$281/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Belknap County have sold for 19.1% more than they did a month ago.
Summary: The median home sold price in Belknap County was $482,500 in May 2024, up 19.1% from last month, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.1K | $134.7K | -14.2% |
| 2 Bedrooms | $315.5K | $378K | +19.8% |
| 3 Bedrooms | $515K | $525K | +1.9% |
| 4 Bedrooms | $470K | $625K | +33.0% |
| 5+ Bedrooms | $5.3M | $875K | -83.6% |
Summary: Belknap County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 33%, and 5+ bedroom homes decreased by 83.6%.
Median Sold Price Compared To Nearby Counties
| Grafton County | $375K | $475K | +26.7% |
| Belknap County | $405K | $482.5K | +19.1% |
| Carroll County | $450K | $485K | +7.8% |
| Strafford County | $484K | $500K | +3.3% |
| Merrimack County | $500K | $446K | -10.8% |
Housing Supply in Belknap County, NH
How many homes are available in Belknap County, NH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 245 | 351 | +43.3% |
Summary: The Belknap County real estate market had 351 homes for sale in May 2024, a 43.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 73 | 100 | +37.0% |
| 3 Bedrooms | 117 | 167 | +42.7% |
| 4 Bedrooms | 35 | 53 | +51.4% |
| 5+ Bedrooms | 12 | 21 | +75.0% |
Summary: The Belknap County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 42.7%, 4 bedroom homes increased by 51.4%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 96 | +134.1% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belknap County, you may be able to get a good deal. 49% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Belknap County in May 2024, up by 134.1% month-over-month. Of the 96 sold homes, 49% were sold under asking, 17% were sold at asking, and 34% were sold over asking.
Days on Market for Belknap County, NH
How long does it take to sell a home in Belknap County, NH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 41 Days | +66.0% |
Summary: Homes in Belknap County had an average of 41 days on market in May 2024, up by 66% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belknap County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 96 homes were sold in Belknap County; 1% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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