The Best Time to Buy a House in New Hampshire

By 

Ben Mizes

Updated 

December 23rd, 2020

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Knowing the best time to buy a house in New Hampshire can save you serious cash. You want a great place to call home, but you don’t want to spend more than you really need to. Find out more about when is the best time to buy a house in New Hampshire so you can be ready to make an offer.

Buying a house is a stressful and emotional process. You'll likely have to spend weeks touring properties, fill out hundreds of forms, and invest a large chunk of your savings to secure the right house.

One way to make buying a house easier is starting the process at the right time. In New Hampshire, housing inventory, mortgage rates, and market trends vary from month to month.

For example, this year listing prices for homes in New Hampshire were lowest in January. On average, homes were $38,692 less expensive. While in November — the month with the highest prices — the listing prices were $28,938 more than the annual average.

In truth, the best time to buy a house really depends on your priorities and situation. Read on to find out which time of year will give you the most options and the biggest savings when buying a house in New Hampshire.

Best Month For


Listing price
January
7.9% lower than average
Housing inventory
April
13.6% more homes to choose from
Mortgage rates
December
2.87% interest for 30-year mortgage
Realtor.com data (October 2020)
Bankrate data (December 2020)

If you're interested in buying a home, the first step in the home buying journey is getting preapproved by a licensed lender. Even if you’re already pre-approved, shopping around for lower rates can pay dividends over the life of the loan.

You can fill out the form below to be instantly matched with a licensed lender who knows the area and can guide you through the process.

Best Time of Year to Buy in New Hampshire

Like many Northeastern states, New Hampshire’s housing market tends to be seasonal. The brutal winters and abundant snowfall slow the market during the winter. Many homeowners are not listing homes for sale during this time, but it also means that those homes on the market aren’t getting many offers. This can be good news for buyers looking for a good deal, especially if homeowners are eager to sell.

Historically, the best time for homeowners to sell is May. During this time, supply is higher and homes tend to be sold quicker. This can either work for or against the buyer: on the one hand, you have more to choose from, but the downsides are fierce competition and potentially higher home prices.

Right now, New Hampshire is experiencing a “very hot” seller’s market, according to Zillow data. This means that the demand for homes in New Hampshire is outpacing the supply, which could drive up home values. In fact, home values have been steadily climbing since bottoming out in 2012, with a median value of $275,000. Homes average 93 days on the market in New Hampshire, so it helps to be ready to strike a deal on the home you want before someone else does.

The Best Places to Buy a Home in New Hampshire

New Hampshire is a small state brimming with many desirable cities and neighborhoods. Take a look at five of the best places to live in New Hampshire and what makes them special:

Amherst

Amherst has been rated the best place in New Hampshire to raise a family. Their top-rated schools, proximity to other similar-sized towns, and the number of parks and recreation opportunities attract young families and professionals.

Brookline

This small town offers the privacy of a rural area, but the attractions of larger cities aren’t far away. A strong job market, great schools, and low crime make this a desirable place to live for families and working professionals alike.

Bedford

Tucked just outside of Manchester, Bedford offers the best of smalltown community and larger city amenities. Home values are more than double the national average, crime rates are moderate, and the job market is strong.

Hampton Falls

This scenic coastal town is one of the most unique in the state. Its close proximity to mountains and beaches, excellent public schools, low crime rate, and smalltown vibe make it a desirable place for families and professionals.

Brentwood

Brimming with hometown charm and a modest population of just 4,700, Brentwood is a destination for families. The public school system is highly rated, crime rates are low, and home values are well above the national average.

4 Ways to Get a Great Deal On a Home in New Hampshire

Timing the market isn’t the only way to get an attractive deal on a house in New Hampshire. Consider the following ways you can avoid overpaying for your new home:

1. Find a Great New Hampshire Real Estate Agent

Find a top-rated local real estate agent in New Hampshire that knows what to expect from the market. Take advantage of their inside expertise, including how to time the market, so you can spend less time on your home search and still come out on top.?

2. Assess Your Needs and Lay Out Your Goals 

Your agent can help you put your home-buying needs into perspective: how large of a home do you need? What type of property are you looking for? What’s your budget for a new home? Get specific about what you’re looking for, then work from there.

3. Find a Lender and Secure Financing

Unless you plan to buy your home with cash, you'll need to apply for a mortgage. For most home buyers in New Hampshire, interest rates are among the biggest factors when choosing a lender. Doing a little upfront research and comparing options to find the best rates could save you tens of thousands of dollars over the life of your loan.

For example, in New Hampshire a typical house is worth $316,000. Assuming a 20% down payment, if you took out a 30-year mortgage for 3.5%, your monthly payment would be $1,127. But if you shopped around and found a 3% mortgage, your monthly payment would drop to about $1,066.

Getting a mortgage is a big decision – and it pays to shop around! Keep shopping until you find a lender with competitive rates who also understands your goals. Don’t get pressured into taking on a bigger loan than you’re comfortable with – work with a lender who explains what you’re really signing up for.

It’s easy to start your home buying journey – answer a few questions to get instantly matched with a lender who works in your area.

4. Negotiate for the Best Possible Price: 

Have you found a property you want? You’ll need to do a few things before you can make it yours, starting with an offer to the homeowner. Your agent can help you formulate and submit an offer, and even negotiate on that offer once the home inspection is finished.

Learn More: How to Find a Buyer’s Agent That’s a Good Negotiator

Is now the best time to buy a house in New Hampshire? If you’re ready to find your dream home, connect with a Clever Partner Agent today and let us help you make the shift from home searcher to homeowner.

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