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Sunapee Region Home Sales, January 2024

What we are seeing in Real Estate in January 2024:
Mortgage interest rates have slightly declined from 2023 and the Federal Open Market Committee (FOMC) held rates steady at their January meeting. Federal Reserve chair, Jerome H. Powell said that the central bank is looking to make interests cuts in 2024 but has not yet defined a clear timeline on when that may occur. (Fed Chair Powell Says Officials Need More ‘Good’ Data Before Cutting Rates, New York Times)

The softening of rates will help buyers get back into the market, however persistent low inventory paired with the high demand for housing will continue to drive home affordability challenges. Freddie Mac's January 2024 Outlook Report forecasts that home prices will increase 2.8% in 2024 and 2.0% in 2025 nationally. 
 

What we are seeing in the Sunapee Region in January 2024:
In January 2024 there were 31 single family homes sales in the Sunapee Region*, up from 19 in 2023. The median sales price for the month was $380,000, down $10,000 from January 2023. Out of the 16 towns in the region, Newport had the highest number of home sales (6). The median days on market (DOM) was 39. The following chart shows a comparison of the number of single family home sales and median sales price for the month of January going back to 2005.

 

The following is the list of single family homes that sold in January. If you're interested in additional real estate information on buying or selling, please reach out to one of our knowledgeable Sunapee Region Realtors. We all live and work in the Sunapee Region, and love to share our real estate insight and general knowledge about the area and New Hampshire.


Andover
314 Bradley Lake Road - $245,000

Bradford
17 Pleasant Valley Road - $537,500

Croydon
606 Croydon Turnpike - $385,000

Goshen
75 Old Province Road - $292,000

Grantham
24 Bright Slope Way - $413,000
46 Deer Run - $365,000

New London
559 Elkins Road - $1,152,000
124 Spruce Lane - $840,000
246 Barrett Road - $480,000

Newbury
1297 Route 103 - $2,100,000
1066 Route 103 - $440,000 
28 Fortune Lane - $420,000

Newport
239 East Mountain Road - $650,000
246 Oak Street - $392,000
4 Lucinda Circle Way - $292,000
9 Short Street - $289,000
876 John Stark Highway - $240,000
71 Old Goshen Road - $150,380 

Springfield
77 Hazzard N Road - $103,000
3133 Main Street - $95,000

Sunapee
30 Ridgewood Road - $1,995,000
113 Fairway Drive - $300,000
13 Wendell Overlook Road - $270,000
616 Route 103 - $98,000

Warner
295 Horne Street - $750,000
94 Bean Road - $420,000
252 Kearsarge Mountain Road - $380,000

Washington
108 Ashuelot Drive - $350,000

Wilmot
10 Granite Hill Road - $450,000
195 Village Road - $350,000
23 Elkins Road - $85,000


There were no sales in the following towns: Lempster, Sutton, Unity.

* We define the Sunapee Region as the following 16 towns: Andover, Bradford, Croydon, Goshen, Grantham, Lempster, New London, Newbury, Newport, Springfield, Sunapee, Sutton, Unity, Warner, Washington and Wilmot.
 

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

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