Is Portsmouth, 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, Portsmouth has remained a Seller's Market.
Key Takeaway
Portsmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portsmouth, NH
How much do homes in Portsmouth, NH cost?
Median Sold Price
$895,000
$552/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Portsmouth have sold for 11.9% more than they did a month ago.
Summary: The median home sold price in Portsmouth was $895,000 in May 2024, up 11.9% from last month, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $520K | N/A |
| 2 Bedrooms | $746K | $535K | -28.3% |
| 3 Bedrooms | $955K | $1.4M | +46.6% |
| 4 Bedrooms | $1.6M | $1.3M | -20.0% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: Portsmouth housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.3%, 3 bedroom homes increased by 46.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes did not change.
Housing Supply in Portsmouth, NH
How many homes are available in Portsmouth, NH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 89 | +39.1% |
Summary: The Portsmouth real estate market had 89 homes for sale in May 2024, a 39.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 24 | 24 | 0.0% |
| 3 Bedrooms | 18 | 33 | +83.3% |
| 4 Bedrooms | 13 | 24 | +84.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Portsmouth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 84.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 21 | +90.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portsmouth, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Portsmouth in May 2024, up by 90.9% month-over-month. Of the 21 sold homes, 33% were sold under asking, 29% were sold at asking, and 38% were sold over asking.
Days on Market for Portsmouth, NH
We’re sorry, we don't have information for this market at the moment
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.