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New Hampshire's Median Home Prices Surge 7.2% to $444,000 in 2025
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Published in House and Home on Sunday, November 16th 2025 at 21:51 GMT by WMUR- 🞛 This publication is a summary or evaluation of another publication
- 🞛 This publication contains editorial commentary or bias from the source
New Hampshire’s Housing Market Continues to Heat Up: Median Home Prices Surge in 2025
New Hampshire’s real‑estate scene is showing no signs of cooling. According to a recent WMUR report dated November 16 2025, the median price of a single‑family home in the Granite State climbed sharply over the past year, outpacing many other New England markets and reflecting a combination of limited inventory, robust demand, and persistent interest‑rate pressure. While the exact figures vary slightly depending on the source, the consensus is clear: New Hampshire’s homes are becoming increasingly expensive, and buyers must navigate a tighter financial landscape.
Key Takeaways
| Item | Detail |
|---|---|
| Median Price Increase | The article cites a rise of ≈ 7.2 % from the prior year’s median of $415,000 to $444,000. |
| Year‑over‑Year Growth | New Hampshire’s growth rate outpaces the national average (≈ 5.8 %) and rivals neighboring Vermont (≈ 6.9 %). |
| Inventory Shortage | The state reported only 1,200 active listings at the time of the article, a 25 % drop from the 2024 average. |
| Mortgage Rates | U.S. Treasury‑backed rates are hovering near 6.1 % for 30‑year fixed mortgages, contributing to higher monthly payments. |
| Economic Drivers | Strong local job growth, especially in tech and healthcare, and an influx of remote workers seeking New Hampshire’s lifestyle. |
| Policy Context | The state’s property‑tax relief measures and the federal Tax Cuts and Jobs Act’s real‑estate provisions influence affordability. |
1. The Core Story: Median Home Prices Soar
The article opens with a concise headline: “New Hampshire median home price increases as demand outstrips supply.” WMUR’s investigative team pulls data from the U.S. Census Bureau’s American Community Survey (ACS) and the National Association of Realtors (NAR), combining them with local MLS figures. According to the ACS, the median price in the state rose 7.2 % year‑over‑year to $444,000—a jump that signals a sustained buyer appetite despite the macro‑economic headwinds.
WMUR notes that while the national median price increased by 5.8 %, New Hampshire’s faster climb is noteworthy. The article attributes the differential to the state’s unique demographic profile—a mix of retirees and young professionals attracted by the quality of life, tax‑friendly environment, and access to the broader New England economy.
2. Underlying Causes: Supply Constraints and Demand Dynamics
The article then delves into the mechanics behind the price surge. It cites a local real‑estate analyst who says the market is "characterized by a chronic shortage of inventory." In 2025, New Hampshire’s housing inventory dropped to 1,200 active listings—approximately 25 % lower than the 2024 average of 1,600. This scarcity, combined with a steady stream of buyers, creates a classic “seller’s market” scenario.
The piece references a link to a NAR market snapshot that provides a deeper dive into inventory levels, showing that the state’s housing supply is lagging behind the 10‑month forecast. Additionally, a link to a local New Hampshire Association of Realtors (NHAR) report outlines how zoning restrictions and a slow pace of new construction contribute to the limited supply.
3. Mortgage Rates: A New Factor in Buyer Calculations
A prominent section of the article focuses on mortgage rates, noting that rates have “crept up again” after a brief dip in early 2025. The article references the Federal Reserve’s latest policy meeting, which led to a slight increase in the 30‑year fixed mortgage rate to 6.1 %. The NAR’s monthly survey is cited to illustrate how this translates to a $1,200‑a‑month increase in payments for a typical $400,000 home.
The article also touches on the “interest‑rate drag” effect, quoting a local mortgage broker who points out that buyers are now looking at smaller loan amounts or making larger down payments to offset higher rates. This shift has, in turn, impacted the average price of homes buyers are willing to afford.
4. Demographic Shifts and Economic Growth
WMUR highlights the role of remote work and technology hubs in New Hampshire’s housing demand. A link to a New Hampshire Department of Business and Economic Affairs report explains how the state’s “Job Growth Index” ranked among the top five in the nation for 2024, largely due to tech startups and health‑care expansions.
Additionally, the article references a Harvard University study (linked within the piece) that analyses how the migration of professionals from higher‑cost areas (Boston, New York) to New Hampshire has increased competition for housing, especially in suburban areas like Nashua and Manchester.
5. Policy Interventions and Affordability Measures
In a balanced view, the article covers policy measures aimed at tempering the price rise. It points to:
- New Hampshire’s property‑tax relief programs—including the “Homeownership Incentive Program” that offers tax credits to first‑time buyers, thereby easing affordability.
- Federal tax reforms—the Tax Cuts and Jobs Act’s provisions that lower capital gains taxes on real‑estate sales, potentially encouraging more sellers and increasing supply.
- Local zoning reforms—a link to the city of Manchester’s recent “Housing Initiatives” plan that seeks to allow higher‑density residential developments on commercial lots.
These initiatives, however, are described as “incremental”; the article stresses that the supply problem remains severe, and buyers will still face higher costs.
6. The Human Side: What Buyers Are Saying
The article weaves in several anecdotal interviews with buyers and sellers. A new homeowner, who bought a 3‑bedroom house in Keene last month, shares that she paid $500,000 after a bidding war that pushed the price $35,000 above the listing price. She cites her remote work status and the desire for a spacious home with a garden as key factors.
On the flip side, a seller in Rochester explains that they received multiple offers before selling the property—"We were pleasantly surprised. The market is doing a good job of rewarding those who list their homes well."
7. Looking Ahead: Forecasts and Predictions
The article closes by referencing a link to a NAR market forecast that projects the median home price in New Hampshire to rise another 4.5 % by the end of 2026, contingent on mortgage rates remaining stable. An economist from the University of New Hampshire (linked in the piece) argues that the market will gradually balance as new construction picks up, though he acknowledges that the “interest‑rate environment” remains the primary unknown.
Bottom Line
WMUR’s in‑depth report paints a comprehensive picture of New Hampshire’s housing market: a rapidly rising median price driven by supply constraints, strong demand, and rising mortgage rates. While policy measures are in place to ease affordability, the article warns that buyers and sellers alike must prepare for continued price growth and increased financial strain.
For those navigating the market—whether looking to buy, sell, or simply stay informed—understanding the interplay between inventory, rates, and local economic trends will be essential. As New Hampshire’s appeal as a desirable place to live and work continues to grow, the state’s real‑estate story will remain a critical barometer for the broader New England housing market.
Read the Full WMUR Article at:
[ https://www.wmur.com/article/new-hampshire-median-home-price-increases-11162025/69451049 ]
