SPRING 2025 UPDATE
- Monadnock Region Real Estate Market Update – Spring 2025
As of April 2025, the Monadnock Region's real estate market continues to reflect broader statewide trends, characterized by high prices and limited inventory.
Market Overview
In January 2025, Cheshire County, encompassing much of the Monadnock Region, reported a median single-family home price of $375,000. This figure represents a significant increase from previous years, aligning with New Hampshire's overall median home price, which reached $514,000 by the end of 2024—a 71% rise since 2019
Inventory and Affordability Challenges
The region faces a persistent shortage of available homes. As of late 2024, New Hampshire had approximately 2,430 single-family homes for sale, a 22% increase from the previous year but still substantially below the levels seen a decade ago. This equates to a 2.4-month supply, whereas a balanced market typically requires five to seven months of inventory
Affordability remains a concern. In 2024, the state's affordability index was 58, indicating that the median household income was only 58% of what is needed to afford a median-priced home, including mortgage payments, property taxes, and insurance .
Policy Responses and Outlook
In response to these challenges, Governor Kelly Ayotte has emphasized the need to streamline housing development approvals, proposing a 60-day turnaround for state permits to facilitate the construction of new housing units .
Looking ahead, while slight improvements in inventory and sales activity are anticipated, affordability and supply constraints are expected to persist. Buyers may need to adjust expectations regarding location and property size, while sellers could benefit from the continued high demand and limited competition.
For those considering entering the Monadnock Region's real estate market, staying informed and working with local real estate professionals can provide valuable guidance in navigating these dynamic conditions.
If you'd like to know more about your local market, reach out:
Bruce M Murphy, CHMS®, GRI ® SRES®
Managing Broker NH/ Principal Broker VT
CEO Growth Development SW NH and VT