new hampshire real estate - craigslist (2024)

FAQs

Is it a good time to buy a house in New Hampshire? ›

The months from March to June are the best time to buy a house in New Hampshire. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

What is the housing market like right now? In May 2024, home prices in New-Hampshire were up 11.9% compared to last year, selling for a median price. On average, the number of homes sold was up 11.4% year over year and there were 1,530 homes sold in May this year, up 1,373 homes sold in May last year.

Declining Inventory of Single-Family Houses

Rapidly increasing housing prices across the Granite State reflect the drastic decline in inventory for single-family houses on the market. According to NHAR, there were a total of 1,435 single-family houses on the market across the entire state in April 2024.

Yes, even for sale by owner (FSBO) home sellers in New Hampshire must adhere to certain rules and regulations. While FSBO sellers may not have the assistance of a real estate agent, they are still obligated to comply with state and local laws governing real estate transactions.

How Much Do You Need to Make to Live Comfortably in New Hampshire? According to Go Banking Rates, a single person in New Hampshire needs to make about $62,935 in order to live comfortably. It is about $66,000 in Vermont, and about $88,000 in Massachusetts.

The average price paid for properties in Hampshire is £411,000 as of March 6, 2024. This represents a fall of 4.1% over the last 12 months for sold prices in Hampshire.

Investors eyeing the New Hampshire real estate market may find promising opportunities with moderate growth forecasted. According to data, cities like Keene show a year-over-year price change of 0.1% as of January 31, 2024, with the expectation to increase to 1.1% by April 2024.

While there is agreement that New Hampshire has a housing crisis — a severe lack of a diverse rental and for-sale housing inventory, how to address the shortfall will require a multi-pronged focus.

The average time it takes to sell a house in New Hampshire is 73 days — 38 days to get an offer and an additional 35 days to close. This is approximately 15.1% faster than the national average. Keep in mind that these are annual averages and the numbers will vary by month and/or season.

When combining all local, county, and state property taxes, these towns have the lowest property tax rates in New Hampshire (as of January 1, 2023): Windsor ($3.39) New Castle ($4.48) Moultonborough ($4.78)

Where do the rich live in New Hampshire? ›

New Hampshire is the state with the seventh highest median household income in the United States: $89,992 as of 2022. The most affluent parts of the state are in the Seacoast Region, in the outer Boston suburbs, and around Dartmouth College.

You aren't required to hire a real estate attorney in New Hampshire, but regardless, it is wise to enlist legal help when you're dealing with a lot of money and a lot of complex contract language. And even if you don't hire your own attorney, there will be a real estate attorney involved in the closing.

You don't need to have a Buyer Agency relationship to get what you want in real estate, but let's see how that works: If you see a For Sale sign in a yard and call the listing office asking to set up a showing, you will probably speak with the listing agent; let's call her Helen.

The State of New Hampshire does not have a general sales and use tax. Therefore, the state does not issue reseller permits or issue tax exempt numbers.

The absence of state income tax and sales tax creates a favorable environment for property owners. Additionally, property tax rates in New Hampshire are relatively low compared to many other states, allowing investors to keep more of their rental income.

New Hampshire's lack of a state sales tax or income tax is a significant advantage for residents, making it an attractive destination for those seeking a tax-friendly environment. The absence of these taxes means that individuals can keep a larger portion of their earnings and enjoy lower overall living costs.

Minimum down payment in New Hampshire: The minimum down payment a borrower may put down on a home in New Hampshire depends on the loan. The down payment can be as low as 0% (USDA and VA loans), 3% (Conventional loans), or 3.5% (FHA loans).