Is Laconia, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Laconia has remained a Seller's Market.
Key Takeaway
Laconia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laconia, NH
How much do homes in Laconia, NH cost?
Median Sold Price
$377,500
$305/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Laconia have sold for 21% more than they did a month ago.
Summary: The median home sold price in Laconia was $377,500 in May 2024, up 21% from last month, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.1K | $245K | +55.9% |
| 2 Bedrooms | $315.5K | $328.9K | +4.3% |
| 3 Bedrooms | $648K | $529.5K | -18.3% |
| 4 Bedrooms | $389.9K | $562.5K | +44.3% |
| 5+ Bedrooms | - | $390K | N/A |
Summary: Laconia housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 55.9%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes increased by 44.3%, and 5+ bedroom homes did not change.
Housing Supply in Laconia, NH
How many homes are available in Laconia, NH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 100 | +56.3% |
Summary: The Laconia real estate market had 100 homes for sale in May 2024, a 56.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 30 | 39 | +30.0% |
| 3 Bedrooms | 16 | 31 | +93.8% |
| 4 Bedrooms | 9 | 16 | +77.8% |
| 5+ Bedrooms | 4 | 11 | +175.0% |
Summary: The Laconia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 93.8%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 175%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laconia, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Laconia in May 2024, up by 81.8% month-over-month. Of the 20 sold homes, 70% were sold under asking, 5% were sold at asking, and 25% were sold over asking.
Days on Market for Laconia, NH
How long does it take to sell a home in Laconia, NH?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Laconia has remained consistent over time.
Summary: During May 2024, 20 homes were sold in Laconia; 0% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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