new hampshire real estate - craigslist (2024)

FAQs

Is the New Hampshire real estate market slowing down? ›

Home values in New Hampshire rose by 66.3% in the last 5 years. Home sales increased by 0.9% in January 2024 YoY despite the mortgage rate climbing to 7.28%! So, New Hampshire's housing market is strong, if not bullish. Even if mortgage rates continue to increase alarmingly, home sales will not falter.

New Hampshire boasts a thriving rental market, making it an attractive destination for real estate investors looking to generate passive income. The state's job opportunities and quality of life attract a steady stream of renters, ensuring a consistent pool of potential tenants for your investment property.

Paperwork for selling a house by owner in New Hampshire

New Hampshire requires those selling without a realtor to fill out and file many documents and forms. Several of these documents are legally binding agreements. Your real estate attorney will supply and help guide you through the required paperwork.

Seller Market Trends

Sellers are experiencing a favorable market in New Hampshire, chiefly due to a lower-than-average inventory of homes for sale.

New Hampshire's shortage of available housing units has contributed to rapid rental and house price increases in the State since the beginning of the pandemic. Renters and potential home buyers are very likely to face serious challenges in finding suitable and affordable housing in the Granite State.

$479,363. The average New Hampshire home value is $479,363, up 8.9% over the past year and goes to pending in around 7 days.

High Cost of Living: Despite its lack of sales and income tax, New Hampshire has a relatively high cost of living compared to other states in the region. Housing prices, healthcare expenses, and utility costs can be expensive, particularly in more affluent areas.

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)

U.S. Census Bureau reports that the average salary for New Hampshire residents is $83,449. However, to stick to the rule of spending only 30% on your monthly income on rent, you only need an income of a bit over $50,000 to live comfortably in a one-bedroom apartment in Manchester, New Hampshire that costs $1,270.

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.

Do you need a buyers agent in NH? ›

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.

Both the buyer and seller pay certain closing costs at the end of the real estate transaction in New Hampshire. The seller shells out a higher monetary amount as closing costs as they pay the REALTOR commission. Other fees, like documentation charges, transfer fees, etc., are paid by the buyer.

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.

Overview of New Hampshire Taxes

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%. Consequently, the median annual property tax payment here is $6,097. Not in New Hampshire?

There are currently 5,116 homes for sale in New Hampshire. The median list price in New Hampshire is $565,000 and the average price per square foot is $273.

On the flipside, if you want more homes to choose from and don't mind paying a premium, spring and early summer are good times to buy a house, as April has the most new listings. Most listings hit the market in a short window between the months of April and June.

Average Housing Costs in Vermont: $794 to $1,621 per month

The average home in Vermont cost $339,100 in February 2023, which is lower than the $359,000 median sales price of an existing home in the United States, according to the National Association of Realtors®.