Home Values In Portsmouth New Hampshire Are Influenced By Recent Sales

So you live in Portsmouth, you are thinking of putting your home on the market this spring, you don’t know what to make of everything you hear in the media, and you are wondering where Portsmouth home values are sitting right now.

First, remind yourself that you are a New Hampshire resident - property values in California, Florida and Arizona are nowhere near as important to you as property values in Portsmouth, NH. Keep your focus on the local sales numbers rather than national averages.

Here are the facts based on local sales numbers in Portsmouth in the last six months, broken down by number of bedrooms:

5 Bedroom Homes in Portsmouth

There were four 5 bedroom houses that sold. Values ranged from $250,000 for a fixer upper on a busy road to a completely renovated single family in the South End that sold for $1,301,500.

4 Bedroom Homes in Portsmouth

4 bedroom homes in Portsmouth sold from $215,000 up to $1,400,000 for a waterfront home in Tuckers Cove. In all there were eighteen 4 bedroom homes that sold - the average sales price was $494,219 and the median sales price was $363,650.

3 Bedroom Homes in Portsmouth

Thirty-nine 3 bedroom homes were sold in Portsmouth. The price range stretched from $203,000 to $985,000 for a waterfront home in the South End. The median price was $350,00 and the average sales price was $365,324.

2 Bedroom Homes in Portsmouth

There were 15 two bedroom homes in Portsmouth that sold for an average of $272,260, the median price was $250,000.

In all, home values in Portsmouth ranged from $203,000 to $1,400,000 with an average sales price of $388,233 and a median sales price of $320,000.

Is there other information that would be helpful for you? Feel free to leave a comment!

Based on information from the Northern New England Real Estate Network, Inc. for the period August 3, 2007 to February 3, 2008.