Fremont, NH Homes For Sale - New Hampshire Real Estate | BEX Realty (2024)

FAQs

Are real estate prices dropping in New Hampshire? ›

Home prices in New Hampshire are rising and will continue to rise till the supply-demand dynamic changes. The number of houses for sale in NH was only ~3,212 in January 2024. There is very limited inventory to satiate the demand from house hunters. This also makes it the best time to sell a house in New Hampshire.

The average New Hampshire home value is $484,742, up 8.4% over the past year and goes to pending in around 7 days.

The compound, the value of which is assessed at around $23 million by Belknap county, is owned by Sandra Bahre and her son Gary Bahre, according to property records. The Bahres developed all of the structures on the estate from 2000 to 2005.

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.

In the immediate future, the New Hampshire housing market is expected to exhibit a slight increase in home prices. According to data from a recent report, as of January 31, 2024, Concord has seen a year-over-year price change of 0.3%. This figure is anticipated to climb to 1.6% by the end of April 2024.

In New Hampshire, it takes an average of 59 days to sell a house. That's 25.3% faster than than the national average of 79 days. On average, homes in New Hampshire sit on the market for 24 days, and it typically takes 35 days to close once an offer has been accepted.

The cost of living in NH is 15% less than MA. The cost of groceries in NH is 14% less than MA. The cost of housing in NH is 25% less than MA. The cost of utilities in NH is 10% less than MA.

Rick Cohen, 71, and family are worth an estimated $16.2 billion, making them the richest people in New Hampshire.

The Longview Estate at 144 Hopewell Road, which according to the original listing by LandVest sold for over $5 million, boasts 10 acres of pristine land on the tip of Clay Point, overlooking the majestic Lake Winnipesaukee, and featuring magnificent views of the mountains and the lake.

Lake Winnipesaukee is home to the most expensive land per acre, at $149,567 for listings of less than 10 acres and notably the most million-dollar listings.

Are NH property taxes high? ›

New Hampshire is known as a low-tax state. But while the state has no personal income tax and no sales tax, it has the fourth-highest property tax rates of any U.S. state, with an average effective rate of 1.77%.

Economists believe the housing market will slow down here in the Granite State, but not crash soon. Prices will fall, but not to the extent homeowners experienced during the Great Recession.

Terraced properties sold for an average of £315,793, with flats fetching £213,259. Overall, sold prices in Hampshire over the last year were 4% down on the previous year and 3% up on the 2021 peak of £396,784.

The state's strong economy, low unemployment rate, and high demand for housing contribute to the overall stability of the market. New Hampshire boasts a thriving rental market, making it an attractive destination for real estate investors looking to generate passive income.

According to MERIC data gathered in 2022, New Hampshire has the 43rd lowest cost of living in the country. If New Hampshire exceeds your budget, don't bank on finding an affordable nearby state to move to.

There are many reasons for the shortage: a misalignment between housing supply and future demand, shifts in housing preferences among younger generations, and an aging population, among them.