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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Somersworth is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Somersworth was a Buyer's Market.

Key Takeaway

Somersworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Somersworth, NH

How much do homes in Somersworth, NH cost?

Median Sold Price

$550,000

$221/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$225,000(+69.2%)

Key Takeaway

Homes in Somersworth have sold for 69.2% more than they did a month ago.

Summary: The median home sold price in Somersworth was $550,000 in November 2024, up 69.2% from last month, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $275K$387K
+40.7%
3 $338K$560K
+65.7%
4 -$445.5K
N/A
5+ --
N/A

Summary: Somersworth 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 increased by 40.7%, 3 bedroom homes increased by 65.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Somersworth
+69.2%
Rochester
+10.5%
Rollinsford
-41.0%

Housing Supply in Somersworth, NH

How many homes are available in Somersworth, NH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
21210.0%

Summary: The Somersworth real estate market had 21 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1112
+9.1%
4 87
-12.5%
5+ 01
+100.0%

Summary: The Somersworth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Somersworth, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Somersworth in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for Somersworth, 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 Somersworth, NH

Nearby Markets to Somersworth, NH

What housing markets are near Somersworth, NH?