Is Gorham, NH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gorham is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Gorham was a Seller's Market.

Key Takeaway

Gorham is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gorham, NH

How much do homes in Gorham, NH cost?

Median Sold Price

$73,500

$76/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$115,500(-61.1%)

Key Takeaway

Homes in Gorham have sold for 61.1% less than they did a month ago.

Summary: The median home sold price in Gorham was $73,500 in November 2024, down 61.1% from last month, and the median price per square foot was $76.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $110.1K-
N/A
2 $189K$73.5K
-61.1%
3 $320K-
N/A
4 --
N/A
5+ --
N/A

Summary: Gorham housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 61.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jackson
+40.8%
Berlin
-33.3%
Gorham
-61.1%

Housing Supply in Gorham, NH

How many homes are available in Gorham, NH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1412-14.3%

Summary: The Gorham real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 53
-40.0%
3 67
+16.7%
4 22
0.0%
5+ 00
0.0%

Summary: The Gorham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gorham, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Gorham in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Gorham, NH

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Gorham, NH

Nearby Markets to Gorham, NH

What housing markets are near Gorham, NH?