What’s Happening in the Belknap County New Hampshire Housing Market? – November 21, 2025 Update

Seller’s Perspective

Market Position:
The market is moderately competitive, with a pending ratio of 10% (pending sales to active listings). Months supply of inventory is at 3.8, indicating a balanced-to-slightly-favorable market for sellers (typically, 4-6 months is balanced).

Pricing & Demand:

• Average list price for active homes: ~$918K
• Average list price for pending homes: ~$492K
• Average sold price: ~$642K
• Sellers are achieving 98.1% of their final list price on average, showing strong pricing power.
• Average days on market for sold homes: 64 days (median: 45), so properties are moving at a steady pace.

Advice:

• Homes priced accurately are selling close to asking, so strategic pricing is key.
• Expect moderate competition, especially in the $0–500k segment where activity and demand are highest.

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Buyer’s Perspective

Market Position:

• Inventory is sufficient in most price bands, with 3.8 months supply overall—so buyers have some negotiating leverage, especially above $500k.
• Average days on market for active listings is 92, indicating some homes are sitting longer, which could present negotiation opportunities.

Pricing & Negotiation:

• The average sale-to-final-list-price ratio is 98.1%, so while discounts are limited, there’s still room for negotiation, especially on properties that have been listed longer.
• Buyers in higher price bands ($1M+) will find more inventory and less competition, reflected by higher average days on market (111 days) and months supply (6.8).

Advice:

• Move decisively in lower price ranges, as these see faster turnover and higher pending ratios.
• For homes on the market longer than average, consider negotiating on price or terms.

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Key Takeaway:
Belknap County is currently balanced, with sellers retaining strong pricing but buyers benefiting from steady inventory and some negotiation room. Pricing accuracy is crucial for sellers, while buyers should focus on properties with higher days on market for the best deals.


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