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North Country Home Sales, October 2022

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October in the North Country has come to an end, and just like the temperatures are dropping so too has the median price this month. Thankfully it's not a bitter chill but a refreshing drop to a median sale price of $320,700. This is down from about $356,000 last month, and even below August which was $330,000. This is driven somewhat by increased mortgage rates which puts pressure on prices and affordability, but could also be the summer real estate season leveling off for the year.

The median days on the market has stayed about the same at 13 for October, up slightly from 12 in September. Similarly the number of sales dropped to 49 from 64 last month. This brings the year-to-date number of sales to 419 which is the slowest year on record since 2012 for the North Country. 

Similar to October activity in the Sunapee Region, the North Country experienced a sale price lower than the list price. While the difference was less pronounced in the North Country, it was a $3,300 spread vs $15,000 in the Sunapee Region, it is a notable change from the last 2 years. Each month of lower prices is bringing the year-to-date median sales price down as well, which crested in July of 2022.

While 2022 is not yet over, looking ahead to 2023 we might expect interest rates to continue rising and putting pressure on sale prices. This week the Federal Reserve announced yet another interest rate hike but notes that an "inflection" point might be coming to reassess future hikes. This is primarily to fight inflation, and housing is not immune to these market dynamics. To learn more about where we currently are and to help navigate real estate in the North Country you can get in contact with us here. We are watching the market closely and can help you find the home, or second home, you've been dreaming of.

 

 

Bath 

37 Rum Hill Road - $200,000 

371 Monroe Road - $200,000 

341 Lisbon Road - $207,500 

73 Tyler Way - $315,000 

Bethlehem 

64 Church Street - $265,000 

680 Wing Road - $300,000 

55 Shepard’s Run - $349,000 

179 Main Street - $418,000 

Campton 

7 Perch Pond Road - $250,000 

10 Aspen Drive - $268,850 

14 Dubeau Circle - $325,000 

8 Panaway Drive - $380,000 

77 Whitehouse Circle - $450,000 

22 Glade Circle - $500,000 

Franconia 

110 Nature Drive - $1,675,000 

Haverhill 

516 Dartmouth College Highway - $120,000 

3195 Dartmouth College Highway - $150,000 

131 Hanover Drive - $191,000 

19 Elm Street - $225,000 

3016 Dartmouth College Highway - $239,500 

249 Sand Road - $242,500 

11 Amherst Lane - $445,000 

Holderness 

245 Hawkins Pond Road - $795,000 

192 Mooney Point Road - $2,800,000 

Landaff 

216 Lost Rive Road - $235,000 

Lincoln 

31 Louann Lane - $495,000 

62 Flume Road - $1,285,000 

201 Black Mountain Road - $1,350,000 

Lisbon 

77 S Main Street - $288,000 

Littleton 

62 Farr Hill Road - $135,000 

173 Beacon Street - $279,900 

251 Bethlehem Road - $320,700 

1317 Monroe Road - $424,000 

564 Old Partridge Lake Road - $440,000 

709 Foster Hill Road - $441,500 

Monroe 

453 Woodsville Road - $63,000 

36 Main Street - $225,000 

847 Coppermine Road - $430,000 

Rumney 

38 Water Street - $530,000 

Sugar Hill 

1283 Route 117 - $574,000 

Thornton 

29 Notch Spur Road - $138,000 

24 Robbins Nest Road - $185,000 

29 Judges Road - $220,000 

14 Stonington Road - $299,900 

17 Wanosha Road - $419,000 

792 Upper Mad River Road - $423,200 

23 Levi Road - $675,000 

Waterville Valley 

6 Jennings Peak Road - $857,500 

9 Bear Brook Lane - $910,000 

*There were no home sales in Benton, Easton, Lyman, Plymouth, or Woodstock during the month of October 

**Data is from NEREN MLS and is subject to human error. Sometimes information outside of our control is uploaded to the system late which means our numbers could be off by one or two sales   

 

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