Is Pelham, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Pelham has remained a Seller'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
$865,000
$268/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Pelham have sold for 51.8% more than they did a month ago.
Summary: The median home sold price in Pelham was $865,000 in May 2024, up 51.8% from last month, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $860K | N/A |
| 3 Bedrooms | $516K | $880K | +70.5% |
| 4 Bedrooms | $1.0M | $840K | -17.8% |
| 5+ Bedrooms | - | $735K | N/A |
Summary: Pelham housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 70.5%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pelham | $569.9K | $865K | +51.8% |
| Hudson | $525K | $598.4K | +14.0% |
| Windham | $1.7M | $800K | -55.2% |
Housing Supply in Pelham, NH
How many homes are available in Pelham, NH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The Pelham real estate market had 41 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pelham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham, you could pay more than the asking price. 91.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Pelham in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 0% were sold under asking, 8% were sold at asking, and 92% 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
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 8 Days | -66.0% |
Summary: Homes in Pelham had an average of 8 days on market in May 2024, down by 66% 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
Key Takeaway
Many homes in Pelham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Pelham; 17% 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.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.