Is Merrimack County, 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, Merrimack County has remained a Seller's Market.
Key Takeaway
Merrimack County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Merrimack County, NH
How much do homes in Merrimack County, NH cost?
Median Sold Price
$446,000
$262/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Merrimack County have sold for 10.8% less than they did a month ago.
Summary: The median home sold price in Merrimack County was $446,000 in May 2024, down 10.8% from last month, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $215K | -28.3% |
| 2 Bedrooms | $342.5K | $299.9K | -12.4% |
| 3 Bedrooms | $570K | $466.8K | -18.1% |
| 4 Bedrooms | $589.9K | $575K | -2.5% |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Merrimack County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 28.3%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Belknap County | $405K | $482.5K | +19.1% |
| Sullivan County | $355K | $395K | +11.3% |
| Hillsborough County | $485K | $510K | +5.2% |
| Strafford County | $484K | $500K | +3.3% |
| Merrimack County | $500K | $446K | -10.8% |
Housing Supply in Merrimack County, NH
How many homes are available in Merrimack County, NH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 275 | 424 | +54.2% |
Summary: The Merrimack County real estate market had 424 homes for sale in May 2024, a 54.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 16 | +77.8% |
| 2 Bedrooms | 59 | 97 | +64.4% |
| 3 Bedrooms | 133 | 187 | +40.6% |
| 4 Bedrooms | 62 | 105 | +69.4% |
| 5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The Merrimack County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 77.8%, 2 bedroom homes increased by 64.4%, 3 bedroom homes increased by 40.6%, 4 bedroom homes increased by 69.4%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 121 | +95.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Merrimack County, you could pay more than the asking price. 62% of homes here sold above asking price last month.
Summary: A total of 121 homes were sold or pending in Merrimack County in May 2024, up by 95.2% month-over-month. Of the 121 sold homes, 18% were sold under asking, 20% were sold at asking, and 62% were sold over asking.
Days on Market for Merrimack County, NH
How long does it take to sell a home in Merrimack County, 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 Merrimack County has remained consistent over time.
Summary: During May 2024, 121 homes were sold in Merrimack County; 0% 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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