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Historical Median Home Prices: Portsmouth, NH

4-Year Historical Trends: Median Home Prices in Portsmouth

Understanding how median home prices have changed over time can provide valuable insights for buyers and sellers alike. By looking at historical data from the past three years, broken down by quarter, we can identify trends, highlight market shifts, and help you make informed real estate decisions. 

Here’s an in-depth look at the median home prices across the towns I specialize in—quarter by quarter. Let me know if these numbers surprise you!

 


Median Home Prices by Quarter 

Portsmouth, NH

Market Insights: Portsmouth remains a hot real estate market. Many buyers are seeking homes as Portsmouth offers unmatched historical charm and downtown appeal. Home prices have risen dramatically since 2021, and most Portsmouth homeowners have significant home equity. 


Key Takeaways: Trends Across the Past 4 Years

  • Seasonal Trends: For Single Family Homes Q2 and Q4 consistently show higher median prices, reflecting the busy spring and summer buying seasons and lack of inventory available associated with the holiday season in Q4. While condominium sales have shown to peak towards the latter half of the year.
  • Steady Appreciation: Median home prices across these towns have steadily increased year-over-year, reflecting the desirability of the region. The number of Single Family Homes sold compared to 2021 has declined nearly 27% which helps maintain and increase home prices. Lack of inventory still remains a hot topic for the Portsmouth market. 
  • Market Resilience: Despite broader economic shifts, the housing market in Portsmouth has remained robust, particularly for luxury and coastal properties.

What Does This Mean for Sellers?

The data highlights the best times to list your home to maximize its value. If you’re considering selling, a customized market analysis can help you position your property for success based on historical trends. 

Curious how much equity you have in your home? Fill out this form and I will put together a full report for you and we can discuss your real estate goals. 


What Does This Mean for Buyers?

Understanding historical data can help you identify opportunities, such as buying during quarters when prices typically dip. I can guide you through the market to find the right property at the right time. 

If buying is in your future, fill out this form and we can come up with a plan to make your home purchase smooth and successful. 


Let’s Talk About Your Real Estate Goals

Whether you're buying or selling, understanding market trends is key. If you'd like to dive deeper into the numbers for any of these towns or discuss your plans, feel free to reach out. I’d love to help you navigate the market with confidence.

Contact Me Here

Oh, and by the way, if you know someone thinking of buying or selling, I’d love to help them out!

 

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