Portsmouth, NH Housing Market in 2026: Home Prices & Trends

Name: Portsmouth, NH Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Forecast

Supply

Demand

Portsmouth Housing Market Overview

If you're looking to sell a home in Portsmouth, you're in a strong position. While the median sale price sits at $717,450 (down 15.6% year-over-year), the real story lies in the market's pace. Homes are moving in just 34 days, inventory stands at only 2.4 months of supply, and properties are selling for 101.4% of asking price. In April 2025, 34 Portsmouth houses were sold, a 17.2% increase from the same month last year. These conditions present an excellent opportunity for sellers to maximize their returns and attract competitive offers.

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Portsmouth Housing Market Forecast for 2026

The housing market in Portsmouth is positioned for gradual stabilization in 2026, with modest growth expected as mortgage rates ease and inventory conditions improve.

Price Outlook:

Home prices in Portsmouth are forecast to rise 2-4% in 2026, reflecting a return to more normalized market conditions
Affordability is improving as wage growth outpaces home price appreciation
Strong homeowner equity supports price stability and strategic listing decisions

Will the Portsmouth Housing Market Crash in 2026?

The consensus among housing economists and real estate experts is firmly no. Portsmouth remains supported by fundamental market strengths, including sustained buyer demand, strong homeowner equity levels, and stricter lending standards than pre-2008. With 2.4 months of supply and homes selling at 101.4% of the asking price, the market demonstrates healthy demand fundamentals.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
34 days
Months of Supply:
2.4 months
Sale-to-List Ratio:
101.4%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%

Portsmouth Housing Supply

Portsmouth's real estate inventory favors sellers with tightening availability. With only 80 homes available in April 2025, what stands out is the supply constraint. Inventory grown 14.3% year-over-year, months of supply sits at just 2.4 (down slightly slightly from 4.6 last year), and 47 new homes came to market this month (up 23.7% year-over-year). This limited inventory strengthens sellers' negotiating position and creates urgency for buyers. For sellers ready to take advantage of these conditions, now is an ideal time to list your home on MLS in New Hampshire and maximize your return.

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Portsmouth Housing Demand

Portsmouth's housing demand demonstrates strong seller control. With the sale-to-list price ratio at 101.4% in April 2025, the defining metric is premium pricing power. A remarkable 35.3% of homes sold above asking price (down from 38.1% last year), the sale-to-list ratio held steady 0.3% year-over-year, and houses in Portsmouth with price reductions climbed from 11.3% to 16.2%. These numbers confirm sellers command the market and can expect competitive offers above their listing prices.

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Frequently Asked Questions

How have Portsmouth house prices changed over the past year?

Median home prices in Portsmouth have decreased by 15.6% YoY, and now stand at $717,450. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

What are Portsmouth real estate market predictions for 2025?

House prices in Portsmouth, New Hampshire, should stabilize in the coming months. However, affordability remains a challenge across the New Hampshire housing market, due to rising mortgage rates.

What's the average home price in Portsmouth?

The average house price in Portsmouth depends on the property type, size, and local market conditions. Condos cost around $692,450, while single-family homes average $1,387,500. You can also find cheap homes for sale in Portsmouth that fit your budget.

What is a good time to buy a home in Portsmouth?

August to December is typically the best time to buy a house in Portsmouth, when supply is high and demand is low. Before buying, check if mortgage rates are stable and ensure there's more than 6 months of housing inventory available. Make sure you assess the current housing market trends in Portsmouth before you invest.

When will the Portsmouth housing market crash?

According to housing market forecasts, the market is unlikely to crash in the near future. Home prices and demand should increase during the summer, and stabilize by winter. The market is projected to remain steady, with sustained growth through 2025 and beyond.

How to buy a home in Portsmouth?

Set a clear budget and get a mortgage pre-approval. Then, explore homes for sale in Portsmouth, submit your offers, secure loans, and complete the closing process.

How can I list my home for sale in Portsmouth, NH?

You can list your home for sale with a Flat Fee MLS New Hampshire listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Portsmouth?

The average mortgage rate for buyers fluctuates between 6.4% and 6.9%. It depends on the market and your credit score. Always check current rates with lenders before you apply.

What is a good time to sell a house in Portsmouth?

February to July is typically the best time to sell a house in Portsmouth, when demand is high and homes spend fewer days on the market. Carefully assess market trends in your specific area before you act.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
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