May 2025
As inventory rises, Seacoast Spring real estate market remains strong
PORTSMOUTH—Despite a national and state-wide decline in real estate sales, the May Seacoast real estate market in the 13 Sample Seacoast Towns remained 7.7 percent ahead of last year, according to statistics just released by the Seacoast Board of Realtors.
The 13 Sample Seacoast Towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook, and Stratham.
With inventory levels for both single-family and condominium units at the highest in five years, single-family sales also registered a new May volume record for $1+ million-dollar sales with 30 closings in the month.
The biggest sale came at 330 Odiorne Road in Portsmouth, which closed for $3,790,000. This is a 4,526sf home with 4 bedrooms and 5 baths on 1.75 acres. A 3,154-sf water view residence at 183 Portsmouth Avenue in New Castle closed at $3,450,000.
The May monthly median sale price reached $877,500, the highest since October 2024 and up 1.4% from last year. For the first five months of 2025, single family sales are up 15.6% and the monthly median of $849,900 is up 6.2%.
In contrast to single family sales, May condominium sales were almost flat, dipping 3% from last year. The May monthly median sale price of $592,500 is the highest since last June, but down 5.1% from a year ago.
The top two sales for condominium units came in Portsmouth with a 4-bedroom, 3-bath, 2500 sf unit at 270 Sage Lane topping the list at $1,425,000. A 2-bedroom, 2-bath 1,318sf unit at 77 Hanover Street transferred at $1,365,000.
For the year, condominium sales are off 13.1% and the 5-month median sale price of $569,950 is down 5%.
“With most of the national real estate news negative, our single-family sales numbers remain impressive,” said Seacoast Board of REALTORs President Lexi Leddy. “All that and buyers have more inventory to choose from. We are off to a solid start for spring sales.”
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