Manchester NH Real Estate Market REPORT Feb. 10, 2025. Welcome back to our weekly post with what is going on in our Market. Even though winter has picked up here in NH, the Street Market is ready to get started. The amount of "First Time Buyers" remains strong. The amount of homes on the market is still low. That makes now a great time to List with us to get your home sold before the Spring flood of new listings.
Pricing your home correctly is a must in this market. You do not want to over price but also do not want to under price your home. One of the trends to return is an increase in home inspections and mortgages again. With that we have seen an increase in problems where sales are running into trouble and coming back o the market.
With the change in market, a Home Seller really needs to choose a listing agent wisely. No longer do you put a home on the market and it sells in days and for more than you asked without any conditions. Many homes going under contract are falling through due to Financing and inspection issues. Not every agent is created equal and choosing a Well experienced Local agent should be a MUST for you.
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LETS TAKE A LOOK AT SOME NUMBERS AND TRENDS:
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Welcome to our WEEKLY wrap up from Monday to Sunday of last week
MARKET REPORT FOR JANUARY 13, 2025
There are 29 SINGLE FAMILY HOMES FOR SALE: The average Listed priced home is $528,530. The lowest priced home is $339,000. The highest priced home is $979,900. The average DAYS ON MARKET is 38
There were 6 New Listings this week.
There are 41 SINGLE FAMILY HOMES UNDER CONTRACT
There are 6 add SINGLE FAMILY HOMES CLOSED this week.
2025: There are 12 SINGLE FAMILY HOMES SOLD 1/1/25 TO 1/13/2025. The average SALE PRICE is $409,200. The average DAYS ON MARKET is 14.
2024:There were 596 SINGLE FAMILY HOMES SOLD 1/1/2024 TO 12/31/2024. The average SALE PRICE is $461.136. The average DAYS ON MARKET is 12.
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There are 23 CONDOMINIUM STYLE HOMES FOR SALE: The average priced home is $382,026. The lowest priced home is $199,900. The highest priced home is $625,000. The average DAYS ON MARKET is 33
There were 3 New Listings this week.
There are 21 CONDOMINIUM STYLE HOMES UNDER CONTRACT:
There are 2 to CONDOMINIUM STYLE HOMES CLOSED this week.
2025: There are 3 CONDOMINIUMS SOLD 1/1/2025 TO 1/13/2025. The average SALE PRICE is $398,300. The average DAYS ON MARKET is 24.
2024:There are 282 CONDOMINIUMS SOLD 1/1/2024 TO 12/31/2024. The average SALE PRICE is $351.016. The average DAYS ON MARKET is 17.
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There are 17 MULTI FAMILY HOMES FOR SALE: The median priced home is $871,543. The lowest priced home is $369,900. The highest priced home is $3,049,900.
There was 2 new Listings last week.
There are 21 MULTI FAMILY UNDER CONTRACT:
There was 6 new CLOSINGS last week.
2025: There are 3 MULTI FAMILY HOMES SOLD 1/1/2025 TO 1/13/2025. The average SALE PRICE is $522,000. The average DAYS ON MARKET is 23.
2024:There are 224 MULTI FAMILY HOMES SOLD 1/1/2024 TO 12/31/2024. The average SALE PRICE is $650.660. The average DAYS ON MARKET is 15.
* Data from NNEREN, subject to change, error or omission
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WHAT DO THESE TRENDS MEAN: Values were up sharply in 2024. The amount f homes on the market has more than doubled. to 2025. Homes are staying on the market longer. Overpriced homes are not selling. Some homes are underpriced meaning they sold "too low". City/Town, neighborhood and condition affect a homes value. Why are sellers selling too low? Many dont know they could have got more.
DOES IT MATTER WHICH REALTOR I USE? The short answer is YES. It matters. There is great difference from one agent to agent another though. All agents are not created equally. Experience matters. Choose the Best agent not the biggest. Bigger is not better. Choose experience over not experienced. Choose Local over National. Please support locally owned businesses and chose us, your home town Realtors for 39 years who offers some of the most personal and professional service there can be. We stand by you through each step of the buying or selling process. Let me show you there is a difference from one agent to another.
When you are ready to sell, call us for some of the best service and most experience during your home selling journey.
PLEASE CALL US FOR A FREE MARKET ANALYSIS TO SEE WHAT YOUR HOME IS WORTH.
To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .
About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 39 years of experience, Scott started working in Real Estate at Age 18. Scott is a leading Agent for Listing and Selling Homes in this area. We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties.
You can search for Manchester area Homes For Sale by going to www.ScottSellsNH.com
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