Manchester, NH anchors the state’s largest metro and tends to set the tone for the broader NH housing market. Tracking the local housing market helps buyers and homeowners spot shifts in pricing, supply, and time to sell before they show up in annual summaries.
This report compiles the latest pricing, sales, and value trends with date-stamped figures so you can see where things stand right now and how momentum is changing month to month if you are looking at houses for sale in Manchester, NH.
Current Market Overview
By New England standards, Manchester is still a competitive, slightly seller-leaning market. Prices are higher than a year ago and good listings still move quickly in many neighbourhoods.
Quick snapshot (late 2025):
- Price trend: Redfin shows Manchester’s median sale price up roughly 7–8% year over year as of September 2025, with Downtown and other in-demand pockets posting stronger gains.
- Speed to offer: Well-priced homes in popular price points often go under agreement in about 1–2 weeks, especially when updated for today’s buyer.
- Inventory: Supply has improved compared with 2024, which has reduced extreme bidding wars, but not enough to flip the market into clear buyer territory.
- Affordability: Zillow’s Home Value Index places average home values in the low-to-mid $400,000s as of October 2025, below some Boston-area bedroom communities but above the U.S. average.
In practice, homes priced in line with recent comparable sales and presented well still draw strong attention, while “aspirational” pricing tends to sit longer and invite mid-listing price cuts.
Average List Price
List prices tell you about seller expectations. Realtor.com’s market overview shows a median listing price around the mid-$400,000s in August 2025, up about 11% to 12% year over year.
Because list prices move with new supply, month-to-month swings reflect which segments hit the market in a given month. In fall, more renovated single-family homes and turnkey condos near the core can lift the median listing price even if overall sales volume is steady.
Average Sales Price
Sales prices reflect what buyers actually paid. For September 2025 closings, Redfin indicates Manchester’s median sale price increased roughly 7% to 8% year over year, while some subareas like Downtown posted larger gains from a lower base. The statewide picture shows milder appreciation for New Hampshire as a whole, which makes Manchester one of the more resilient urban submarkets in the state this year.
Late spring and early summer are the most active months for closings, then prices can flatten or tick down as fall inventories mix in more entry-level and investor-oriented stock. The 2025 pattern fits that template, with strong late-Q2 to Q3 results and stable pricing into early Q4.
Number of Homes Listed
Supply has loosened compared with last year’s tight baseline. Statewide data from New Hampshire REALTORS shows a double-digit year-over-year jump in new listings in October 2025, and that extra inventory has filtered into the Manchester metro.
More owners are testing the market as mortgage rates ease off last year’s highs and as move-up options open within the region. The city is not flooded with listings, but there are fewer of the extreme multi-offer pileups that defined 2021 to 2023.
At the city level, weekly absorption trends for the Manchester metro show new listings being taken up steadily, with active inventory running noticeably ahead of 2024 levels. Key metrics like months of supply, days on market, and the share of price reductions have all nudged higher, giving buyers more room to compare neighborhoods, condition, and finishes.
Number of Homes Sold
Closed sales picked up in fall. For October 2025, statewide closings rose about 7 percent year over year, and pending sales rose more than 20 percent, a forward indicator for late-Q4 closings. Manchester typically accounts for a meaningful share of Hillsborough County sales each month, so the local pipeline should remain active into the holiday period as long as rates hold near their early-November range.
Neighborhood breakouts show variation. Downtown Manchester posted a median sold price around $360,000 last month with double-digit annual appreciation, reflecting demand for renovated attached and small-lot properties near services, jobs, and transit connections.
Average Days on Market
Time on market lengthened from the ultra-low levels of 2021 to 2023 but remains lean compared with national medians. In the 03103 ZIP, for example, average days on market in September 2025 came in near one month, up from roughly a week the prior year as buyers weighed payment impacts and compared more listings. Across the Manchester metro, weekly reads in early November pointed to a median around the mid-30-day mark, roughly half the national median at that time.
The takeaway is practical. Well-prepared sellers still find a buyer quickly if pricing and presentation align with recent comps. Over-reaching on list price can add weeks to the timeline and invite price drops in the second or third week on market.
How Have Home Values Changed in Manchester, NH?
The Manchester market has changed over the past few years, here is a rundown of the changes over various periods.
One-Year Change
Zillow’s Home Value Index shows Manchester’s average home value up about 1.5 percent year over year as of October 2025, with typical properties going under agreement quickly. That citywide average masks faster appreciation in certain subareas that saw renewed in-migration and renovation activity through the summer.
Three-Year Change
Looking back three years from late 2025 captures the tail end of the 2021 to 2022 surge and the 2023 to 2024 rate shock. Manchester still shows meaningful three-year gains on most price bands due to structural supply limits in southern New Hampshire and continued job growth in the Manchester-Nashua corridor. Statewide indicators confirms that prices have stayed above pre-pandemic trends even with higher borrowing costs.
Five-Year Change
Over five years, appreciation continues with cumulative gains supported by limited new construction inside of the city, proximity to employment in Manchester and Nashua, and access to the Boston metro via I-93 and Route 3. Neighborhoods with 2019 to 2020 renovations saw additional resale premiums in 2024 to 2025 as buyers prioritized move-in readiness.
Ten-Year Change
On a ten-year horizon, Manchester’s home values have appreciated substantially compared with 2015 baselines, reflecting migration into southern New Hampshire and the city’s investment in downtown amenities. The metro has also been a frequent top performer in national market rankings, which has reinforced investor interest and supported valuations through multiple rate cycles.
How Are Mortgage Rates?
Rates set the monthly payment and heavily influence demand. Freddie Mac’s Primary Mortgage Market Survey placed the 30-year fixed at about 6.22 percent for the week of November 6, 2025, near the year’s lows.
Daily lender quotes vary, but most Manchester buyers in mid-November reported rate options in the low-to-mid 6 percent range depending on points and credit. If rates stabilize near current levels into winter, purchase power improves modestly compared with early 2025.
Predictions are always conditional, but here is a practical window. Over the next three months, consensus calls for rates to hover in a 6 to 6.5 percent channel if inflation trends cooperate. Over six months, modest cooling in inflation could pull averages a bit lower, which would support spring listings and encourage move-up sellers.
Is it a Buyer or Seller’s Market in Manchester, NH?
Manchester still leans toward sellers in 2025, just not at the fever pitch of 2021–2022. Time on market is longer than the pandemic trough but still short versus national norms, and well-presented homes usually sell close to list. Inventory has risen enough to give buyers real choice, but not enough to flip bargaining power. In practice, right-priced listings get strong traffic and quick offers, while “stretch” prices sit and often need a mid-month cut.
Entry-level single-family homes near I-93 and Route 3 stay hot because they sit below the metro’s move-up price band. Renovated condos near the core draw steady demand from buyers who want low maintenance and walkable amenities. Larger homes with recent system upgrades appeal to buyers watching utility and repair costs. Sellers who gather elevation, insurance, condo, or HOA documents upfront usually move through underwriting faster.
Manchester Market Snapshot: Why People Are Still Looking at Manchester
The Manchester housing market has been under the spotlight this year as buyers and investors track median sale prices and price per square foot. Local inventory runs from renovated mill and downtown condos to single-family homes at a range of price points, so there are options for both first-time and move-up buyers. Modest population growth, commuting access into the Boston metro, and the mix of riverfront paths, parks, and cultural venues have all helped keep day-to-day demand steady.
For buyers and small business owners, Manchester often feels like a “value play” compared with some nearby metros. Home sales have picked up, local lenders remain active, and many millennials and move-up buyers now look here for better affordability per square foot and access to schools. Investors weigh the same numbers alongside local economic and policy trends when deciding whether to hold or flip.
FAQs
Downtown Manchester posted a median sold price near $360,000 last month with about an 18 percent annual increase, driven by renovated stock and buyer interest in central locations. North End values remain higher on average given lot size and housing type, with steadier one-year gains around the low single digits. Sub-ZIPs like 03103 also show mid single-digit annual price growth with a roughly one-month selling timeline.
Rates near the low-to-mid 6 percent range in early November 2025 improved affordability versus earlier in the year. When weekly averages tick down, showing traffic and offers tend to rise in one to two weeks as Manchester buyers move to lock payments. If rates stay in the current band, spring 2026 could see another active season without the froth of 2021.
New Hampshire added more new listings and active inventory year over year in October 2025, which gives Manchester buyers more choice and a little negotiating room. The effect is uneven by price point, but the net result has been fewer bidding wars and more standard inspection timelines. That backdrop favors prepared buyers who can act quickly on well-priced homes.
Late spring and early summer still capture the most buyer activity, but serious buyers remain in the market year round. In late 2025, accurately priced homes with pre-assembled disclosure, condo, or HOA packets continue to command strong attention and reduce fall-through risk.
Citywide, a 25 to 40 day window is a reasonable planning target for well-presented listings, with faster results for updated homes near core amenities and slightly longer timelines for properties that need work. Weekly metro reads in early November 2025 showed a median around the mid-30s, which is roughly half the national median and consistent with steady demand.
