Is Pelham, NH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pelham is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pelham was a Neutral Market.

Key Takeaway

Pelham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pelham, NH

How much do homes in Pelham, NH cost?

Median Sold Price

$763,500

$274/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$198,500(+35.1%)

Key Takeaway

Homes in Pelham have sold for 35.1% more than they did a month ago.

Summary: The median home sold price in Pelham was $763,500 in September 2024, up 35.1% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $560K$564.9K
+0.9%
3 $570K$763.5K
+33.9%
4 -$787K
N/A
5+ -$855K
N/A

Summary: Pelham housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 33.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pelham
+35.1%
Windham
+20.6%
Hudson
-5.7%
Salem
-29.3%

Housing Supply in Pelham, NH

How many homes are available in Pelham, NH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1324+84.6%

Summary: The Pelham real estate market had 24 homes for sale in September 2024, a 84.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 45
+25.0%
4 39
+200.0%
5+ 11
0.0%

Summary: The Pelham housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pelham, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Pelham in September 2024, up by 250.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.

Days on Market for Pelham, NH

How long does it take to sell a home in Pelham, NH?

Average Sale Time

Aug 2024Sep 2024CHANGE
40 Days14 Days-65.4%

Summary: Homes in Pelham had an average of 14 days on market in Sep 2024, down by 65.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pelham are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Pelham; 29% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Pelham, NH

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