Market Report for April 2025
š” Prices Are Still ClimbingāBut Not Out of Control
As of April 2025, the median sale price for Rockingham and Strafford Counties combined hit $599,900āthatās a 7.1% increase from last year. Price per square foot is also up to $291 (a 3% bump YoY). Long story short: values are holding strong, especially for single-family homes, which are averaging around $615,000 so far this year.
Prices continue to scale with bedroom count (no surprise there), with 4+ bedroom homes clearing $600K+ on average. Condos have also ticked up, breaking the $500K median mark for the first time.
š Market Activity: Fewer Sales, More Listings
Hereās where it gets interesting: while prices are up, the number of closed sales is down. April saw 372 sales, a 6.1% dip from the same time last year. Year-to-date, weāre off by about 8%.
BUTānew listings are up slightly. In April, we saw 664 new listings, and while thatās only a small increase (0.3%), itās part of a growing trend. More importantly, new pendings (homes going under contract) arenāt keeping up at the same rate. That spread between listings and pendings might be a hint that buyers are getting a little more cautious.
š Buyer Behavior: Still Active, But Less Aggressive
One of the more telling stats? The average percentage over asking price has started to dip. In April, it was 1.37%, down from last year, and the year-to-date average is just 0.42%.
This doesnāt mean buyers arenāt still competingābut it does mean weāre seeing fewer āoffer-bombsā with wild escalations. The most active price bands ($400Kā$700K) are still hot, with many homes going over asking, but the frenzy has cooled compared to 2022ā2023.
Median days on market? Just 6 days. Thatās the same as last year. Fast, but not frantic.
š¦ Inventory: Slowly Building, Especially at Higher Price Points
Hereās the most encouraging sign if youāre house-hunting: inventory is rising. Weāre now at 6.21 months of supply across both counties. Thatās a big improvement over the ultra-tight market of the past few years.
But itās not evenly distributed.
Homes under $400K are still scarce (as little as 2.3 months of supply).
Homes over $1.1M? Theyāre sitting longerāwith up to 14 months of supply in that range.
There are currently 2,311 active listings, and while not all of them are dream homes, the increase gives buyers more room to breathe.
šCounty-by-County Breakdown
Rockingham County continues to lead in price growth, with a median sale price of $620,000 (up 3.3%). It also saw a slight increase in total volume despite fewer sales.
Strafford County, on the other hand, has held steady at a median of $490,000, with volume and sales both down slightly. Price per square foot actually declined hereāsuggesting a softening, especially in rural or edge markets.
š§ What This Means for You
If you’re selling, the market still favors youābut pricing correctly matters more than ever. Overpricing will get you crickets. Sharp, strategic pricing backed by good marketing still wins.
If you’re buying, you’re no longer facing the same level of competition as even six months agoābut the best homes still move fast. Focus on the right price range, and don’t hesitate to move if the right one pops up.
If youāre not sure where to startāor just want to talk strategy for your next moveāyou know where to find me.
Letās make a plan.
ā Dan
Dan is a real estate advisor serving the New Hampshire Seacoast and Southern Maine. He is driven by a passion for connecting more meaningfully with others and contributing toward their lasting success. Before entering real estate, he worked across a range of industries including publishing, consumer products, technology, manufacturing, investment banking and private equity.
