Annual Market Report Upper Valley of New Hampshire & Vermont Full Year 2022
Market Overview At A Glance
UPPER VALLEY
The Upper Valley region housing market began to normalize in 2022 after nearly two red-hot years.
Limited inventory remained a major driving factor, and the total number of units sold was down by 18.5% across the Upper Valley region. However, the average sales price increased by 15.4%, and the average days on market decreased by 32.8%. Additionally properties sold above list price by +0.3%.
The hottest markets in the Upper Valley continued to be in and around the Hanover area. These higher population centers saw no reprieve from inventory scarcity and, as a result, continued to drive up prices. There is a full breakdown by state and town in this report for more details at a local market level.
Moving into 2023, the majority of headlines on a national level are predicting a downturn in the housing market. However, we have not seen that swift downturn of activity in the Upper Valley region. Yes, the market has begun to normalize, but we anticipate that buyer demand will continue to be strong, driven by limited inventory and that pricing will continue to stabilize. Pricing appropriately for Sellers will become of the utmost importance in order to sell in a timely manner.
Now more than ever, you need an experienced real estate professional to guide you through this ever-changing market.
Key Market Highlights
UPPER VALLEY REGION
BY TOWN BY TOWNOVERVIEW VT & NH VERMONT
HAMPSHIRE
NEW
Upper Valley VT & NH Overview
All Properties | All Price Points
Source: Trendgraphix Data - (1/1/2022 - 12/31/2022) vs. Previous Year To Date (1/1/2021 - 12/31/2021) All Property Types - All Price Points - Upper Valley VT & NH Select Towns Upper Valley VT & NH 2022 2021 +/ - % TOTAL SALES IN UNITS: 487 833 - 41.5% TOTAL SALES DOLLARS: $311,427 $414,527 - 24.9% AVERAGE SALE PRICE: $628,396 $489,308 +28.4% AVERAGE DAYS ON MARKET: 35.8 73.3 - 51.2% SOLD PRICE VS. LIST PRICE: 99.84% 99.02% + 0.8%
Upper Valley Vermont
Upper Valley VT by Town
All Properties | All Price Points
BARNARD 2022 2021 +/- % TOTAL SALES IN UNITS: 22 46 - 52.2% AVERAGE SALE PRICE: $610,721 $406,348 + 50.3% AVERAGE DAYS ON MARKET: 39.0 65.0 - 40.0% SOLD PRICE VS. LIST PRICE: 101.99% 98.98% + 3.0% BETHEL 2022 2021 +/- % TOTAL SALES IN UNITS: 31 43 - 27.9% AVERAGE SALE PRICE: $321,045 $235,844 + 36.1% AVERAGE DAYS ON MARKET: 53.0 65.0 - 18.5% SOLD PRICE VS. LIST PRICE: 102.36% 97.51% + 5.0% BRADFORD 2022 2021 +/- % TOTAL SALES IN UNITS: 37 39 - 5.1% AVERAGE SALE PRICE: $258,883 $184,692 + 40.2% AVERAGE DAYS ON MARKET: 38.0 43.0 - 11.6% SOLD PRICE VS. LIST PRICE: 97.28% 99.08% - 1.8% BRIDGEWATER 2022 2021 +/- % TOTAL SALES IN UNITS: 21 34 - 38.2% AVERAGE SALE PRICE: $384,762 $546,975 - 29.7% AVERAGE DAYS ON MARKET: 60.0 167.0 - 64.1% SOLD PRICE VS. LIST PRICE: 94.87% 97.43% - 2.6% CHELSEA 2022 2021 +/- % TOTAL SALES IN UNITS: 16 27 - 40.7% AVERAGE SALE PRICE: $338,469 $273,987 + 23.5% AVERAGE DAYS ON MARKET: 30.0 135.0 - 77.8% SOLD PRICE VS. LIST PRICE: 97.03% 95.33% + 1.8%
FAIRLEE 2022 2021 +/- % TOTAL SALES IN UNITS: 8 11 - 27.3% AVERAGE SALE PRICE: $782,500 $379,955 + 105.9% AVERAGE DAYS ON MARKET: 93.0 74.0 + 25.7% SOLD PRICE VS. LIST PRICE: 101.00% 98.04% + 3.0% CORINTH 2022 2021 +/- % TOTAL SALES IN UNITS: 23 28 - 17.9% AVERAGE SALE PRICE: $199,778 $216,080 - 7.5% AVERAGE DAYS ON MARKET: 36.0 148.0 - 75.7% SOLD PRICE VS. LIST PRICE: 97.43% 97.30% + 0.1% HARTFORD 2022 2021 +/- % TOTAL SALES IN UNITS: 226 276 - 18.1% AVERAGE SALE PRICE: $378,108 $336,306 + 12.4% AVERAGE DAYS ON MARKET: 24.0 43.0 - 44.2% SOLD PRICE VS. LIST PRICE: 100.93% 100.10% + 0.8% HARTLAND 2022 2021 +/- % TOTAL SALES IN UNITS: 37 46 - 19.6% AVERAGE SALE PRICE: $495,219 $420,222 + 17.8% AVERAGE DAYS ON MARKET: 58.0 72.0 - 19.4% SOLD PRICE VS. LIST PRICE: 97.11% 99.03% - 1.9% NEWBURY 2022 2021 +/- % TOTAL SALES IN UNITS: 36 44 - 18.2% AVERAGE SALE PRICE: $295,970 $168,307 + 75.9% AVERAGE DAYS ON MARKET: 46.0 111.0 - 58.6% SOLD PRICE VS. LIST PRICE: 97.28% 94.94% + 2.5% NORWICH 2022 2021 +/- % TOTAL SALES IN UNITS: 41 70 - 41.4% AVERAGE SALE PRICE: $861,280 $805,479 + 6.9% AVERAGE DAYS ON MARKET: 58.0 45.0 + 28.9% SOLD PRICE VS. LIST PRICE: 99.60% 99.64% 0.0%
ROYALTON 2022 2021 +/- % TOTAL SALES IN UNITS: 26 43 - 39.5% AVERAGE SALE PRICE: $321,256 $319,799 + 0.5% AVERAGE DAYS ON MARKET: 58.0 86.0 - 32.6% SOLD PRICE VS. LIST PRICE: 94.56% 98.04% - 3.5% RANDOLPH 2022 2021 +/- % TOTAL SALES IN UNITS: 74 73 + 1.4% AVERAGE SALE PRICE: $242,338 $242,808 - 0.2% AVERAGE DAYS ON MARKET: 107.0 61.0 + 75.4% SOLD PRICE VS. LIST PRICE: 99.34% 98.63% + 0.7% SHARON 2022 2021 +/- % TOTAL SALES IN UNITS: 22 30 - 26.7% AVERAGE SALE PRICE: $242,368 $424,017 - 42.8% AVERAGE DAYS ON MARKET: 92.0 61.0 + 50.8% SOLD PRICE VS. LIST PRICE: 98.09% 99.18% - 1.1% STRAFFORD 2022 2021 +/- % TOTAL SALES IN UNITS: 11 20 - 45.0% AVERAGE SALE PRICE: $397,455 $270,995 + 46.7% AVERAGE DAYS ON MARKET: 67.0 129.0 - 48.1% SOLD PRICE VS. LIST PRICE: 103.33% 98.72% + 4.7% THETFORD 2022 2021 +/- % TOTAL SALES IN UNITS: 30 40 - 25.0% AVERAGE SALE PRICE: $401,768 $300,003 + 33.9% AVERAGE DAYS ON MARKET: 62.0 111.0 - 44.1% SOLD PRICE VS. LIST PRICE: 95.79% 100.77% - 4.9% POMFRET 2022 2021 +/- % TOTAL SALES IN UNITS: 11 22 - 50.0% AVERAGE SALE PRICE: $1,045,818 $852,443 + 22.7% AVERAGE DAYS ON MARKET: 74.0 85.0 - 12.9% SOLD PRICE VS. LIST PRICE: 99.76% 94.68% + 5.4%
TUNBRIDGE 2022 2021 +/- % TOTAL SALES IN UNITS: 16 16 0.0% AVERAGE SALE PRICE: $417,625 $312,656 + 33.6% AVERAGE DAYS ON MARKET: 62.0 176.0 - 64.8% SOLD PRICE VS. LIST PRICE: 100.78% 93.71% + 7.5% WEATHERSFIELD 2022 2021 +/- % TOTAL SALES IN UNITS: 48 48 0.0% AVERAGE SALE PRICE: $279,633 $273,057 + 2.4% AVERAGE DAYS ON MARKET: 92.0 96.0 - 4.2% SOLD PRICE VS. LIST PRICE: 96.95% 97.58% - 0.6% VERSHIRE 2022 2021 +/- % TOTAL SALES IN UNITS: 8 6 + 33.3% AVERAGE SALE PRICE: $246,688 $331,583 - 25.6% AVERAGE DAYS ON MARKET: 31.0 78.0 - 60.3% SOLD PRICE VS. LIST PRICE: 98.04% 100.53% - 2.5% WEST FAIRLEE 2022 2021 +/- % TOTAL SALES IN UNITS: 8 6 + 33.3% AVERAGE SALE PRICE: $246,688 $331,583 - 25.6% AVERAGE DAYS ON MARKET: 31.0 78.0 - 60.3% SOLD PRICE VS. LIST PRICE: 98.04% 100.53% - 2.5% WINDSOR 2022 2021 +/- % TOTAL SALES IN UNITS: 42 45 - 6.7% AVERAGE SALE PRICE: $258,329 $222,899 + 15.9% AVERAGE DAYS ON MARKET: 43.0 52.0 - 17.3% SOLD PRICE VS. LIST PRICE: 100.29% 99.25% + 1.0% WEST WINDSOR 2022 2021 +/- % TOTAL SALES IN UNITS: 32 43 - 25.6% AVERAGE SALE PRICE: $374,698 $399,295 - 6.2% AVERAGE DAYS ON MARKET: 86.0 121.0 - 28.9% SOLD PRICE VS. LIST PRICE: 92.89% 97.00% - 4.2%
WOODSTOCK 2022 2021 +/- % TOTAL SALES IN UNITS: 85 125 - 32.0% AVERAGE SALE PRICE: $1,017,295 $562,333 + 80.9% AVERAGE DAYS ON MARKET: 42.0 112.0 - 62.5% SOLD PRICE VS. LIST PRICE: 97.83% 97.89% - 0.1%
Upper Valley NH by Town
All Properties | All Price Points
CANAAN 2022 2021 +/- % TOTAL SALES IN UNITS: 85 94 - 9.6% AVERAGE SALE PRICE: $246,616 $208,885 + 18.1% AVERAGE DAYS ON MARKET: 49.0 92.0 - 46.7% SOLD PRICE VS. LIST PRICE: 98.15% 96.43% + 1.8% CHARLESTOWN 2022 2021 +/- % TOTAL SALES IN UNITS: 90 92 - 2.2% AVERAGE SALE PRICE: $215,718 $174,213 + 23.8% AVERAGE DAYS ON MARKET: 35.0 51.0 - 31.4% SOLD PRICE VS. LIST PRICE: 99.91% 97.75% + 2.2% CLAREMONT 2022 2021 +/- % TOTAL SALES IN UNITS: 208 233 - 10.7% AVERAGE SALE PRICE: $209,323 $182,215 + 14.9% AVERAGE DAYS ON MARKET: 21.0 50.0 - 58.0% SOLD PRICE VS. LIST PRICE: 101.86% 98.76% + 3.1% CORNISH 2022 2021 +/- % TOTAL SALES IN UNITS: 21 22 - 4.5% AVERAGE SALE PRICE: $449,985 $237,589 + 89.4% AVERAGE DAYS ON MARKET: 56.0 51.0 + 9.8% SOLD PRICE VS. LIST PRICE: 96.67% 102.77% - 5.9% CROYDON 2022 2021 +/- % TOTAL SALES IN UNITS: 10 14 - 28.6% AVERAGE SALE PRICE: $380,250 $195,321 + 94.7% AVERAGE DAYS ON MARKET: 15.0 59.0 - 74.6% SOLD PRICE VS. LIST PRICE: 100.01% 95.35% + 4.9%
Upper Valley New Hampshire
ENFIELD 2022 2021 +/- % TOTAL SALES IN UNITS: 79 113 - 30.1% AVERAGE SALE PRICE: $344,359 $316,472 + 8.8% AVERAGE DAYS ON MARKET: 39.0 53.0 - 26.4% SOLD PRICE VS. LIST PRICE: 98.73% 100.16% - 1.4% DORCHESTER 2022 2021 +/- % TOTAL SALES IN UNITS: 18 17 + 5.9% AVERAGE SALE PRICE: $158,272 $228,829 - 30.8% AVERAGE DAYS ON MARKET: 99.0 32.0 + 209.4% SOLD PRICE VS. LIST PRICE: 95.73% 101.33% - 5.5% GRAFTON 2022 2021 +/- % TOTAL SALES IN UNITS: 48 63 - 23.8% AVERAGE SALE PRICE: $208,182 $153,892 + 35.3% AVERAGE DAYS ON MARKET: 47.0 77.0 - 39.0% SOLD PRICE VS. LIST PRICE: 99.10% 96.33% 2.9% GRANTHAM 2022 2021 +/- % TOTAL SALES IN UNITS: 102 142 - 28.2% AVERAGE SALE PRICE: $436,500 $329,956 + 32.3% AVERAGE DAYS ON MARKET: 51.0 85.0 - 40.0% SOLD PRICE VS. LIST PRICE: 100.42% 100.43% 0.0% HANOVER 2022 2021 +/- % TOTAL SALES IN UNITS: 91 114 - 20.2% AVERAGE SALE PRICE: $1,133,695 $848,750 + 33.6% AVERAGE DAYS ON MARKET: 22.0 34.0 - 35.3% SOLD PRICE VS. LIST PRICE: 101.12% 102.34% - 1.2% HAVERHILL 2022 2021 +/- % TOTAL SALES IN UNITS: 111 137 - 19.0% AVERAGE SALE PRICE: $160,818 $150,119 + 7.1% AVERAGE DAYS ON MARKET: 48.0 60.0 - 20.0% SOLD PRICE VS. LIST PRICE: 99.25% 101.40% - 2.1%
LYME 2022 2021 +/- % TOTAL SALES IN UNITS: 22 22 0.0% AVERAGE SALE PRICE: $791,473 $667,298 + 18.6% AVERAGE DAYS ON MARKET: 26.0 107.0 - 75.7% SOLD PRICE VS. LIST PRICE: 101.39% 99.01% + 2.4% LEBANON 2022 2021 +/- % TOTAL SALES IN UNITS: 192 272 - 29.4% AVERAGE SALE PRICE: $391,390 $333,145 + 17.5% AVERAGE DAYS ON MARKET: 27.0 68.0 - 60.3% SOLD PRICE VS. LIST PRICE: 102.00% 99.88% + 2.1% NEW LONDON 2022 2021 +/- % TOTAL SALES IN UNITS: 93 96 - 3.1% AVERAGE SALE PRICE: $782,129 $663,591 + 17.9% AVERAGE DAYS ON MARKET: 33.0 26.0 + 26.9% SOLD PRICE VS. LIST PRICE: 96.74% 98.15% - 1.4% NEWPORT 2022 2021 +/- % TOTAL SALES IN UNITS: 130 136 - 4.4% AVERAGE SALE PRICE: $213,449 $198,947 + 7.3% AVERAGE DAYS ON MARKET: 64.0 58.0 + 10.3% SOLD PRICE VS. LIST PRICE: 99.74% 99.50% + 0.2% NEWBURY 2022 2021 +/- % TOTAL SALES IN UNITS: 61 90 - 32.2% AVERAGE SALE PRICE: $827,285 $516,594 + 60.1% AVERAGE DAYS ON MARKET: 53.0 62.0 - 14.5% SOLD PRICE VS. LIST PRICE: 102.84% 98.74% + 4.2% ORANGE 2022 2021 +/- % TOTAL SALES IN UNITS: 4 5 - 20.0% AVERAGE SALE PRICE: $294,563 $219,980 + 33.9% AVERAGE DAYS ON MARKET: 150.0 75.0 + 100.0% SOLD PRICE VS. LIST PRICE: 95.48% 100.26% - 4.8%
PIERMONT 2022 2021 +/- % TOTAL SALES IN UNITS: 19 19 0.0% AVERAGE SALE PRICE: $225,526 $147,153 + 53.3% AVERAGE DAYS ON MARKET: 34.0 61.0 - 44.3% SOLD PRICE VS. LIST PRICE: 98.55% 99.00% - 0.5% SUNAPEE 2022 2021 +/- % TOTAL SALES IN UNITS: 88 85 + 3.5% AVERAGE SALE PRICE: $680,125 $765,557 - 11.2% AVERAGE DAYS ON MARKET: 30.0 61.0 - 50.8% SOLD PRICE VS. LIST PRICE: 101.62% 100.21% + 1.4% ORFORD 2022 2021 +/- % TOTAL SALES IN UNITS: 14 28 - 50.0% AVERAGE SALE PRICE: $343,500 $617,339 - 44.4% AVERAGE DAYS ON MARKET: 66.0 55.0 + 20.0% SOLD PRICE VS. LIST PRICE: 98.16% 99.09% - 0.9% SPRINGFIELD 2022 2021 +/- % TOTAL SALES IN UNITS: 36 34 + 5.9% AVERAGE SALE PRICE: $359,753 $330,821 + 8.7% AVERAGE DAYS ON MARKET: 37.0 47.0 - 21.3% SOLD PRICE VS. LIST PRICE: 101.11% 100.45% + 0.7% PLAINFIELD 2022 2021 +/- % TOTAL SALES IN UNITS: 29 27 + 7.4% AVERAGE SALE PRICE: $381,759 $429,022 - 11.0% AVERAGE DAYS ON MARKET: 73.0 42.0 + 73.8% SOLD PRICE VS. LIST PRICE: 99.06% 100.86% - 1.8% UNITY 2022 2021 +/- % TOTAL SALES IN UNITS: 31 33 - 6.1% AVERAGE SALE PRICE: $232,835 $201,004 + 15.8% AVERAGE DAYS ON MARKET: 78.0 83.0 - 6.0% SOLD PRICE VS. LIST PRICE: 98.82% 98.40% + 0.4%
Vermont
Vermont New York
Champlain Valley
Hudson Valley
South Burlington: 802.864.0541
Kingston: 845.331.3100
Rhinebeck: 845.876.5100
Central Vermont
Tivoli: 845.757.5000
Rutland: 802.774.7007
Catskill: 518.943.7533
Killington: 802.746.4203
Hudson: 518.822.0800
Stowe: 802.253.7267
Upstate New York
Northeast Kingdom
Saratoga Springs: 518.580.8500
St. Johnsbury: 802.751.7582
Bolton Landing: 518.644.9500
Lake Placid: 518.523.2550
Southern Vermont
Central New York
Mount Snow: 802.464.1200
Stratton: 802.297.1100
Syracuse: 315.685.8100
Manchester: 802.362.4551
Thousand Islands Region: 315.685.8100
Okemo: 802.228.4537
Finger Lakes Region: 315.685.8100
Upper Valley
Western New York
Fairlee: 802.333.4701
Buffalo: 716.320.1414
Rochester: 585.394.7111
New Hampshire
Lake Sunapee Region
New London: 603.526.4050
Lakes Region of New Hampshire
Meredith: 603.677.7012
Southern New Hampshire Bedford: 603.413.7600
Peterborough: 603.924.3321
Upper Valley
Hanover: 603.643.6070
New York
Hudson Valley
Kingston: 845.331.3100
Champlain Valley South Burlington: 802.864.0541
Rhinebeck: 845.876.5100
Central Vermont
Tivoli: 845.757.5000
Rutland: 802.774.7007
Catskill: 518.943.7533
Killington: 802.746.4203
Hudson: 518.822.0800
Stowe: 802.253.7267
Upstate New York
Northeast Kingdom St. Johnsbury: 802.751.7582
Saratoga Springs: 518.580.8500
Bolton Landing: 518.644.9500
Lake Placid: 518.523.2550
Southern Vermont
Central New York
Mount Snow: 802.464.1200
Stratton: 802.297.1100
Syracuse: 315.685.8100
Thousand Islands Region: 315.685.8100
Manchester: 802.362.4551
Finger Lakes Region: 315.685.8100
Okemo: 802.228.4537
Upper Valley Fairlee: 802.333.4701
Western New York
Buffalo: 716.320.1414
Rochester: 585.394.7111
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Hampshire
