Home prices rise 14% in year as more older buyers selling homes
Feb. 4—Realtor Moe Archambault said he's seeing home sellers skewing older in early 2025.
"What I'm finding is there are more, I guess, you would call Baby Boomers and seniors," said Archambault, principal of Moe Marketing Realty Group in Laconia.
"They're afraid to lose out on this elevated-priced market to get something else to better suit their needs as they get older," he said. "They've got lots of equity in their houses."
Prices continue to rise year-over year, with January's median statewide price of $507,350 up 14% higher than a year earlier. The 657 single-family homes that closed in January were nine fewer than in January 2024, according to figures from the New Hampshire Realtors.
Bedford's median jumped 34% to $820,000 while Hooksett's dropped 19% to just over a half-million dollars.
Manchester's median price of nearly $430,000 was 6% higher than a year ago. Goffstown's median price jumped 47% to $567,000.
Monthly totals can vary greatly from month to month, so the real estate market focuses on year-over-year comparisons.
Coos County saw a record median price of $312,000 — — a 61% jump based on 21 homes sold both last month and in January 2024.
"I'm still seeing bidding wars" on homes priced at less than $400,000, Archambault said.
Merrimack's median price dropped $40,000 to $500,000 while Nashua's median grew by 13% to $513,750.
Londonderry ($602,000 median) and Derry ($522,500) both saw more than 4% gains.
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