As we wrap up Q3, the Northern New England real estate market reveals dynamic shifts across the Seacoast, Lakes Region, Southern NH, and Maine. Here’s a breakdown of key trends and statistics for each area:
Seacoast
The Seacoast region experienced a significant uptick in single-family home sales, totaling 280 in Q3—a 20.4% increase from Q2. While sales rose, the median home price dipped to $906,477, reflecting a 15.1% decrease from the previous quarter. Homes here spent an average of 23 days on the market, marking a 12.4% increase from Q2.
Lakes Region
In the Lakes Region, single-family home sales reached 239 in Q3, a 13.8% rise from Q2. The median sales price climbed to $662,381, a 16.8% increase quarter-over-quarter. Homes took an average of 30 days to sell, which is a 9.3% increase from Q2.
Southern NH
Southern NH saw a slight decrease in total single-family home sales, recording 531 for Q3—a 0.2% drop from Q2. However, the median price rose to $684,101, up by 8.2% from Q2. Homes here were on the market for an average of 17 days, with a modest 1.3% increase in time from the prior quarter.
Maine
Maine’s single-family home sales for Q3 came in at 445, representing a 2.0% increase from Q2. The median home price fell to $752,000, a 9.7% drop from last quarter. Properties here moved swiftly, averaging 11 days on the market—a 50% increase compared to Q2.
These insights reflect the dynamic nature of Northern New England’s housing market this quarter. While market conditions vary by region, the demand and pricing trends are important to watch as we move into Q4.
