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 Buyer's 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

$770,000

$241/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$95,000(-11.0%)

Key Takeaway

Homes in Pelham have sold for 11% less than they did a month ago.

Summary: The median home sold price in Pelham was $770,000 in June 2024, down 11% from last month, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 $860K$740K
-14.0%
3 $870K$755K
-13.2%
4 -$834.9K
N/A
5+ -$805K
N/A

Summary: Pelham housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Windham
+61.3%
Pelham
-11.0%

Housing Supply in Pelham, NH

How many homes are available in Pelham, NH?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1821+16.7%

Summary: The Pelham real estate market had 21 homes for sale in June 2024, a 16.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 67
+16.7%
4 44
0.0%
5+ 22
0.0%

Summary: The Pelham housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pelham, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Pelham in June 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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

May 2024Jun 2024CHANGE
8 Days54 Days+575.0%

Summary: Homes in Pelham had an average of 54 days on market in Jun 2024, up by 575% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 June 2024, 7 homes were sold in Pelham; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in Pelham, NH

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