Market Overview At A Glance
UPPER VALLEY
The Upper Valley region housing market was relatively quiet in Q1 2023 as the market started to return to a more traditional selling period in the Spring/Summer.
Limited inventory remained a major driving factor, and the total number of units sold was down by 49.4% across the Upper Valley region. Additionally, the average sales price decreased by 40.1%, and the average days on market decreased by 51.2%.
The hottest markets in the Upper Valley in terms of activity included Hanover, Woodstock, Norwich, Haverhill as these markets 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 Spring/Summer 2023, we have begun to see a slight uptick in listings coming on the market. The market will continue to normalize, but we anticipate that buyer demand will continue to be active, 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.
179 Fox Lane #4027 | Quechee, VT | Closed
Upper Valley VT by Town
All Properties | All Price Points
BARNARD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 5 2 + 150.0% AVERAGE SALE PRICE: $500,300 $1,167.8 - 57.2% AVERAGE DAYS ON MARKET: 45.0 72.0 - 37.5% SOLD PRICE VS. LIST PRICE: 88.42% 91.09% - 2.9% BETHEL 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 3 7 - 57.1% AVERAGE SALE PRICE: $280,100 $203,400 + 37.7% AVERAGE DAYS ON MARKET: 23.0 131.0 - 82.4% SOLD PRICE VS. LIST PRICE: 98.98% 98.75% + 0.2% BRADFORD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 4 7 - 42.9% AVERAGE SALE PRICE: $171,600 $268,600 - 36.1% AVERAGE DAYS ON MARKET: 16.0 59.0 - 72.9% SOLD PRICE VS. LIST PRICE: 96.96% 91.24% + 6.3% BRIDGEWATER 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 0 4 - 100.0% AVERAGE SALE PRICE: 0.0 $261,000 - 100.0% AVERAGE DAYS ON MARKET: 0.0 92.0 - 100.0% SOLD PRICE VS. LIST PRICE: 0.00% 101.36% - 100.0% CHELSEA 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 2 0 N/A AVERAGE SALE PRICE: $231,500 0.0 N/A AVERAGE DAYS ON MARKET: 24.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 103.35% 0.00% N/A
FAIRLEE 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 1 1 0.0% AVERAGE SALE PRICE: $535,100 $950,000 - 43.7% AVERAGE DAYS ON MARKET: 6.0 3.0 + 100.0% SOLD PRICE VS. LIST PRICE: 101.92% 100.00% + 1.9% CORINTH 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 0 6 - 100.0% AVERAGE SALE PRICE: 0.0 $181,600 - 100.0% AVERAGE DAYS ON MARKET: 0.0 64.0 - 100.0% SOLD PRICE VS. LIST PRICE: 0.00% 100.23% - 100.0% HARTFORD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 34 36 - 5.6% AVERAGE SALE PRICE: $342,100 $306,800 + 11.5% AVERAGE DAYS ON MARKET: 39.0 55.0 - 29.1% SOLD PRICE VS. LIST PRICE: 99.92% 97.44% + 2.5% HARTLAND 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 5 11 - 54.5% AVERAGE SALE PRICE: $397,400 $317,900 + 25.0% AVERAGE DAYS ON MARKET: 114.0 113.0 + 0.9% SOLD PRICE VS. LIST PRICE: 93.55% 94.69% - 1.2% NEWBURY 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 7 8 - 12.5% AVERAGE SALE PRICE: $217,700 $291,300 - 25.3% AVERAGE DAYS ON MARKET: 74.0 52.0 + 42.3% SOLD PRICE VS. LIST PRICE: 90.55% 98.84% - 8.4% NORWICH 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 7 8 - 12.5% AVERAGE SALE PRICE: $1,298,000 $1,049,100 + 23.7% AVERAGE DAYS ON MARKET: 100.0 141.0 - 29.1% SOLD PRICE VS. LIST PRICE: 98.83% 99.92% - 1.1%
ROYALTON 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 0 5 - 100.0% AVERAGE SALE PRICE: 0.0 $228,200 - 100.0% AVERAGE DAYS ON MARKET: 0.0 93.0 - 100.0% SOLD PRICE VS. LIST PRICE: 0.00% 93.82% - 100.0% RANDOLPH 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 7 15 - 53.3% AVERAGE SALE PRICE: $256,600 $226,300 + 13.4% AVERAGE DAYS ON MARKET: 193.0 123.0 + 56.9% SOLD PRICE VS. LIST PRICE: 98.08% 100.41% - 2.3% SHARON 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 1 2 - 50.0% AVERAGE SALE PRICE: $162,000 $58,000 + 179.3% AVERAGE DAYS ON MARKET: 90.0 118.0 - 23.7% SOLD PRICE VS. LIST PRICE: 98.18% 80.56% + 21.9% STRAFFORD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 1 1 0.0% AVERAGE SALE PRICE: $410,000 $352,000 + 16.5% AVERAGE DAYS ON MARKET: 47.0 4.0 + 1075.0% SOLD PRICE VS. LIST PRICE: 91.11% 108.31% - 15.9% THETFORD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 2 7 - 71.4% AVERAGE SALE PRICE: $229,500 $355,700 - 35.5% AVERAGE DAYS ON MARKET: 25.0 103.0 - 75.7% SOLD PRICE VS. LIST PRICE: 92.17% 98.69% - 6.6%% POMFRET 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 1 5 - 80.0% AVERAGE SALE PRICE: $570,000 $381,400 + 49.4% AVERAGE DAYS ON MARKET: 5.0 140.0 - 96.4% SOLD PRICE VS. LIST PRICE: 114.23% 101.65% + 12.4%
TUNBRIDGE 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 5 3 + 66.7% AVERAGE SALE PRICE: $355,800 $400,700 - 11.2% AVERAGE DAYS ON MARKET: 84.0 92.0 - 8.7% SOLD PRICE VS. LIST PRICE: 99.16% 94.87% + 4.5% WEATHERSFIELD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 6 7 -14.3% AVERAGE SALE PRICE: $271,100 $248.100 + 9.3% AVERAGE DAYS ON MARKET: 64.0 174.0 - 4.2% SOLD PRICE VS. LIST PRICE: 96.95% 97.58% - 63.2% VERSHIRE 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 3 0 N/A AVERAGE SALE PRICE: $367,700 0.0 N/A AVERAGE DAYS ON MARKET: 94.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 96.75% 0.00% N/A WEST FAIRLEE 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 3 0 N/A AVERAGE SALE PRICE: $367,700 0.0 N/A AVERAGE DAYS ON MARKET: 94.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 96.75% 0.00% N/A WINDSOR 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 10 7 + 42.9% AVERAGE SALE PRICE: $170,900 151,600 + 12.7% AVERAGE DAYS ON MARKET: 62.0 99.0 - 37.4% SOLD PRICE VS. LIST PRICE: 94.58% 97.61% - 3.1% WEST WINDSOR 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 1 13 - 92.3% AVERAGE SALE PRICE: $278,000 $329,100 - 15.5% AVERAGE DAYS ON MARKET: 127.0 128.0 - 0.8% SOLD PRICE VS. LIST PRICE: 92.98% 95.70% - 2.8%
WOODSTOCK 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 20 16 + 25.0% AVERAGE SALE PRICE: $1,081,600 $706,200 + 53.2% AVERAGE DAYS ON MARKET: 128.0 67.0 + 91.0% SOLD PRICE VS. LIST PRICE: 93.44% 99.36% - 6.0% 253
Closed
Old Quechee Road #6E | Quechee, VT |
707 Bowman Road #04-0238 | Barnard, VT | Under Contract
21 Rope Ferry Road | Hanover, NH | Closed
Upper Valley NH by Town
All Properties | All Price Points
CANAAN 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 20 19 + 5.3% AVERAGE SALE PRICE: $236,500 $205,800 + 14.9% AVERAGE DAYS ON MARKET: 88.0 88.0 0.0% SOLD PRICE VS. LIST PRICE: 96.25% 95.28% + 1.0% CHARLESTOWN 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 14 13 + 7.7% AVERAGE SALE PRICE: $150,000 182.9 - 18.0% AVERAGE DAYS ON MARKET: 51.0 30.0 + 70.0% SOLD PRICE VS. LIST PRICE: 100.00% 98.15% + 1.9% CLAREMONT 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 34 37 - 8.1% AVERAGE SALE PRICE: $171,700 $193,400 - 11.2% AVERAGE DAYS ON MARKET: 52.0 21.0 + 147.6% SOLD PRICE VS. LIST PRICE: 95.39% 108.32% - 11.9% CORNISH 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 5 1 + 400.0% AVERAGE SALE PRICE: $237,200 $935,000 - 74.6% AVERAGE DAYS ON MARKET: 12.0 92.0 - 87.0% SOLD PRICE VS. LIST PRICE: 94.58% 78.24% + 20.9% CROYDON 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 4 1 + 300.0% AVERAGE SALE PRICE: $316,700 $78,000 + 306.0% AVERAGE DAYS ON MARKET: 85.0 13.0 + 553.8% SOLD PRICE VS. LIST PRICE: 95.03% 86.67% + 9.6%
ENFIELD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 7 14 - 50.0% AVERAGE SALE PRICE: $361,300 $231,600 + 56.0% AVERAGE DAYS ON MARKET: 22.0 36.0 - 38.9% SOLD PRICE VS. LIST PRICE: 94.01% 101.12% - 7.0% DORCHESTER 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 0 4 - 100.0% AVERAGE SALE PRICE: 0.0 $142,300 - 100.0% AVERAGE DAYS ON MARKET: 0.0 76.0 - 100.0% SOLD PRICE VS. LIST PRICE: 0.00% 89.05% - 100.0% GRAFTON 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 5 7 - 28.6% AVERAGE SALE PRICE: $160,400 $153,900 + 4.2% AVERAGE DAYS ON MARKET: 82.0 78.0 + 5.1% SOLD PRICE VS. LIST PRICE: 95.70% 94.39% 1.4% GRANTHAM 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 14 9 + 55.6% AVERAGE SALE PRICE: $369,500 $429,200 - 13.9% AVERAGE DAYS ON MARKET: 115.0 156.0 - 26.3% SOLD PRICE VS. LIST PRICE: 100.87% 100.77% + 0.1% HANOVER 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 12 12 0.0% AVERAGE SALE PRICE: $1,137,300 $1,125,300 + 1.1% AVERAGE DAYS ON MARKET: 48.0 66.0 - 27.3% SOLD PRICE VS. LIST PRICE: 96.95% 95.02% + 2.0% HAVERHILL 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 23 16 + 43.8% AVERAGE SALE PRICE: $176,400 $165,100 + 6.8% AVERAGE DAYS ON MARKET: 75.0 90.0 - 16.7% SOLD PRICE VS. LIST PRICE: 97.47% 94.77% + 2.8%
LYME 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 8 5 + 60.0% AVERAGE SALE PRICE: $1,017,800 $1,050,300 - 3.1% AVERAGE DAYS ON MARKET: 31.0 24.0 + 29.2% SOLD PRICE VS. LIST PRICE: 94.63% 97.63% - 3.1% LEBANON 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 33 37 - 10.8% AVERAGE SALE PRICE: $455,200 $362,000 + 25.7% AVERAGE DAYS ON MARKET: 23.0 56.0 - 58.9% SOLD PRICE VS. LIST PRICE: 100.01% 101.63% - 1.6% NEW LONDON 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 18 16 + 12.5% AVERAGE SALE PRICE: $508,400 $973,700 - 47.8% AVERAGE DAYS ON MARKET: 49.0 21.0 + 133.3% SOLD PRICE VS. LIST PRICE: 95.76% 99.65% - 3.9% NEWPORT 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 13 32 - 59.4% AVERAGE SALE PRICE: $232,400 $183,200 + 26.9% AVERAGE DAYS ON MARKET: 70.0 98.0 - 28.6% SOLD PRICE VS. LIST PRICE: 97.50% 98.95% - 1.5% NEWBURY 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 5 14 - 64.3% AVERAGE SALE PRICE: $513,000 $556,500 - 7.8% AVERAGE DAYS ON MARKET: 5.0 49.0 - 89.8% SOLD PRICE VS. LIST PRICE: 100.87% 102.62% - 1.7% ORANGE 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 1 0 N/A AVERAGE SALE PRICE: $250,000 0.0 N/A AVERAGE DAYS ON MARKET: 277.0 0.0 N/A SOLD PRICE VS. LIST PRICE: 87.11% 0.00% N/A
PIERMONT 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 1 2 - 50.0% AVERAGE SALE PRICE: $229,000 $259,500 - 11.8% AVERAGE DAYS ON MARKET: 122.0 2.0 + 6000.0% SOLD PRICE VS. LIST PRICE: 99.57% 102.77% - 3.1% SUNAPEE 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 9 11 - 18.2% AVERAGE SALE PRICE: $670,400 $362,100 + 85.1% AVERAGE DAYS ON MARKET: 43.0 63.0 - 31.7% SOLD PRICE VS. LIST PRICE: 102.70% 97.42% + 5.4% ORFORD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 1 1 0.0% AVERAGE SALE PRICE: $399,900 $279,000 + 43.3% AVERAGE DAYS ON MARKET: 53.0 37.0 + 43.2% SOLD PRICE VS. LIST PRICE: 100.23% 100.00% + 0.2% SPRINGFIELD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 3 12 - 75.0% AVERAGE SALE PRICE: $369,700 $399,400 - 7.4% AVERAGE DAYS ON MARKET: 17.0 59.0 - 71.2% SOLD PRICE VS. LIST PRICE: 102.50% 96.70% + 6.0% PLAINFIELD 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 5 5 0.0% AVERAGE SALE PRICE: $499,000 $169,800 + 193.9% AVERAGE DAYS ON MARKET: 92.0 97.0 - 5.2% SOLD PRICE VS. LIST PRICE: 98.15% 93.92% + 4.5% UNITY 1/1/23 - 3/31/23 1/1/22 - 3/31/22 +/- % TOTAL SALES IN UNITS: 3 7 - 57.1% AVERAGE SALE PRICE: $74,800 $197,800 - 62.2% AVERAGE DAYS ON MARKET: 44.0 92.0 - 52.2% SOLD PRICE VS. LIST PRICE: 86.35% 99.25% - 13.0%
Vermont
New York
Champlain Valley South Burlington: 802.864.0541
Hudson Valley 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
Southern Vermont
Lake Placid: 518.523.2550
Mount Snow: 802.464.1200
Central New York
Stratton: 802.297.1100
Syracuse: 315.685.8100
Manchester: 802.362.4551
Okemo: 802.228.4537
Thousand Islands Region: 315.685.8100
Upper Valley
Fairlee: 802.333.4701
Finger Lakes Region: 315.685.8100
Western New York
Buffalo: 716.320.1414
Rochester: 585.394.7111
New Hampshire New York
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
Vermont
Champlain Valley South Burlington: 802.864.0541
Hudson Valley 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 St. Johnsbury: 802.751.7582
Saratoga Springs: 518.580.8500
Bolton Landing: 518.644.9500
Southern Vermont
Lake Placid: 518.523.2550
Mount Snow: 802.464.1200
Central New York
Stratton: 802.297.1100
Syracuse: 315.685.8100
Manchester: 802.362.4551
Okemo: 802.228.4537
Thousand Islands Region: 315.685.8100
Upper Valley Fairlee: 802.333.4701
Finger Lakes Region: 315.685.8100
Western New York
Buffalo: 716.320.1414
Rochester: 585.394.7111
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New Lakes Southern Peterborough: New
201 Fiske Road | Newbury, VT | Closed