Median home prices in New Hampshire continued on their historic run upward, reaching a new record monthly record yet again and continuing to raise alarms regarding housing affordability.
NEW HAMPSHIRE MONTHLY INDICATORS
The median price for single family residential homes in the state was $528,000 in April, a new high water mark for the month and the 63rd consecutive month of year-over-year price increases in New Hampshire.
Meanwhile, the NHAR Affordability Index remained below 60 for the fifth consecutive month, at 57, meaning the state's median household income is just 57 percent of what is necessary to qualify for the median-priced home under today's interest rates. By comparison, the Index has been as high as 200 as recently as 2013, and was last over 100 in 2021.
Low housing supply remains the primary driver of ongoing price increases. Despite a 31 percent increase in inventory compared to April 2024, New Hampshire still has only 1.6 months’ supply of inventory, meaning the amount of time it would take to sell off the current housing stock at the current rate of sales. With 5-7 months’ supply generally considered a balanced market, it's been well over eight years (October 2016) since the last time we saw even the low end of that benchmark.
At that time, the state had over 7,300 single family residential homes on the market. There were 1,614 at the end of April 2025, a 78 percent decrease.
For NHAR's full slate of market data, including our Monthly Indicators report and detailed county- and town-level reports, visit our FastStats landing page. To create your own customizable and brandable market reports, visit NHAR's members-only InfoSparks page.
Questions? Please email Vice President of Communications and Member Engagement Dave Cummings (dave@nhar.com), or call 603-554-7855.