The average home sales price in Portsmouth, NH is $379,465, with an average time on market of 132 days.  See available real estate for sale in Portsmouth, NH or view current real estate market conditions in Portsmouth.

Portsmouth saw sixteen homes reported sold in November with an average sales price of $335,562, which was 4.3% of asking price on average.

Homes sold in Portsmouth in November.

• 206 Northwest Street, a 4 bedroom waterfront home on North Mill Pond, sold for $675,000.
• 20 Brigham Lane, a 3 bedroom home, sold for $613,600.
• 175 Wibird Street, a 3 bedroom home in Little Harbour, sold for $422,500.
• 96 Buckminster Way, a 3 bedroom home, sold for $405,000.
• 339 Wibird Street, a 3 bedroom home, sold for $400,000.
• 250 McKinley, a 3 bedroom home, sold for $310,000.
• 198 Essex Avenue, a 3 bedroom home, sold for $300,000.
• 159 Madison St, a 3 bedroom home, sold for $297,000.
• 13 Harding, a 4 bedroom home, sold for $289,900.
• 27 Verdun Avenue, a 3 bedroom home, sold for $277,000.
• 218 Edmonds Avenue, a 3 bedroom home, sold for $264,000.
• 749 Sagamore Avenue, a 3 bedroom home, sold for $242,000.
• 84 Thornton Street, a 3 bedroom home, sold for $240,000.
• 7 Simonds, a 4 bedroom home, sold for $233,000.
• 249 Raleigh Way, a 3 bedroom home at Atlantic Heights, sold for $200,000.
• 251 Raleigh Way, a 3 bedroom home at Atlantic Heights, sold for $200,000.

There were 11 condominium sales reported sold in November with an average sales price of $240,818 and an average time on market of nearly five months. 13 condos came on the market in November.

Condominiums sold in Portsmouth in November.

• 579 Sagamore Avenue, a 3 bedroom Tidewatch condominium, sold for $460,000.
• 699 Middle Street, a 2 bedroom condominium, sold for $337,500.
• 116 State Street, a 2 bedroom condominium, sold for $285,000.
• 605 Lincoln Ave., a 2 bedroom condominium, sold for $280,000.
• 34 Wibird St, a 3 bedroom condominium, sold for $270,000.
• 240 Union Street, a 1 bedroom condominium, sold for $268,000.
• 128 Spinnaker Way, a 2 bedroom condominium, sold for $222,500.
• 1039 Islington Street, a 2 bedroom condominium, sold for $185,000.
• 501 Springbrook Circle, a 2 bedroom condominium, sold for $150,000.
• 1312 White Cedar Blvd, a 2 bedroom condominium, sold for $106,000.
• 93 High, a 2 bedroom condominium, sold for $85,000.

Based on information from Northern New England Real Estate Network.

Portsmouth sellers started to get involved in the market again with 27 new single family home listings on the market in October, up 58% from the previous year. The 11 sales and 12 pending contracts reported in October were both almost double the activity a year prior. The average sales price saw a significant increase of 51.2% to $516,085. Homes sold for an average of  6.2% of asking price in just over two months.

48 Ball Street, with 250′ of waterfront on Little Harbour sold for $1,550,000 and 51 Baycliff, with frontage on the Piscataqua River sold for $900,000. Little Harbour saw several sales in October – 1105 South Street, a 3 BR Cape, sold for $507,500 and 28 South Street, a 3 bedroom antique home in the south end, sold for $504,038.

The condominium market in Portsmouth saw the same level of sales activity as a year prior with 12 sales and 7 pending contracts reported. The average sales price was $247,441 with a list price to sales price ratio of 94.26%. The average time on market was nearly five months.

Portsmouth Condominiums Sold in October 2009:

Based on information from Northern New England Real Estate Network.

Let’s take a moment to see how Portsmouth’s real estate market compares to the same period in 2008. The following statistics are based on the period from January, 1, 2009 through September 30, 2009 and January 1, 2008 to September 30, 2008.

Single family residential listings are a bit off from 2008, which is keeping inventory fairly tight, yet sales volume is down nearly 9% year over year. The average sales price is down nearly 9%.

It is interesting to note that the list price to sales price ratio has remained fairly steady year over year – sellers are receiving roughly 95% of their asking price. Also of note is the shorter average time on market for sold properties.

Nine homes sold in Portsmouth, NH in September, including a Royal Barry Wills Colonial at 1360 South Street that sold for $458,000 and an antique mansard roof brick Victorian at 337 Pleasant Street that sold for $409,020 at auction.

The average sales price of $330,657 eclipsed the average sales price of September 2008 by slim margin of 1.24%. Homes sold for an average of 6.8% of asking price and were on the market for an average of 28 days.

Portsmouth’s condo market was slightly busier than the previous month – there were seven sales recorded with an average sales price of $266,200. The average discount from list price was less than 3%, but the time on market was a longer than normal 149 days. There were 8 pending contracts reported in September. 1177 Sagamore Avenue #1, a new construction 3 bedroom condominium commanded the highest sales price of the month at $569,000.

Based on information from Northern New England Real Estate Network.

Portsmouth’s real estate market saw a pick up of activity in August with 14 closed transactions, up from 11 the prior year while newly reported sales contracts were steady year over year. The average sales price was $341,821 off 9.4% from August 2008, but there were two indications of a slightly tighter market – the list price to sales price gap closed to less than 3% and the average time on market was just over a month at 34 days.

An 1890′s Victorian at 179 Lincoln in Little Harbour sold for $525,000, and an expanded cape at 411 South Street in Little Harbour sold for $492,500. 60 Wibird, a New Englander in Little Harbour, closed for $455,000. Portsmouth’s entry price range in August was $205,000, fetched by a 2BR home at 176 Concord Way in Atlantic Heights.

While the single family market was seeing good activity, the condominium market in August was in the doldrums. There were six sales recorded, down from 15 the previous August, and 4 pending sales reported, down from 10 the prior year. The average sales price of $392,250 was higher that what the average single family home commanded in August.

Two of the condominium sales were located in Springbrook and a two bedroom townhome at Tidewatch sold for $460,000. A free standing condex at 139 South Street brought $467,000, a loft style 3 bedroom condominium at 147 State Street saw $535,000 and 130 Dennett Street #1, a 3 bedroom condominium boasting water frontage on North Mill Pond closed for $572,500 after a price reduction.

Based on information from Northern New England Real Estate Network.

July 2008 saw 26 homes come on the market in Portsmouth, however, this July just 18 homes were put up for sale. There were nine homes sold reported in July and 12 pending sales contracts reported.  The average sales price was $315,444 which was a 7.6% discount from the asking price.

Sample of July home sales in Portsmouth:

• 6 Sagamore Grove, with more than 600′ of water frontage and a boat dock on Sagamore Creek, sold for $880,000.
• 67 Fells sold for $330,000.
• 90 Hillcrest Drive sold for $325,000.

Portsmouth’s condominium market saw more activity than the single family market in July. There were 15 condominiums that came on market, about even with July of 2008. 14 sales were reported with an average sales price of $291,457. The list price to sales price ratio was a tight 96.2% of asking price and time on market averaged just over four months at 127 days.

A new construction condominium unit at 62 Mill Pond Way set the high sales price for the month, closing at $625,000.

Based on information from Northern New England Real Estate Network.

Portsmouth saw a mixture of activity in the residential real estate market in June. Single family homes listed for sale increased year over year by 42%. Actual reported sales were down slightly from 20 in June 2008 to 17 in June 2009. Pending transactions, a sign of buyer activity, were slow with just 6 pending sales reported – the previous June saw 13 pending sales.

Notable Home Sales in Portsmouth

449 Court Street, Portsmouth sold for $1,010,000
34 Boss Avenue, Portsmouth, sold for $551,650
48 Pearl Street, Portsmouth, sold for $495,000
99 Marne Avenue, Portsmouth, sold for $477,500

The condominium market in Portsmouth saw a dip in properties put up for sale, with 18 new listings, down from 29 in June 2008. 15 condo sales were reported closed and 9 pending sales were reported. Overall the average sales price was down 22.16% year over year to $231,143. Time on market approached six months and condos sold for 92.72% of asking price on average.

Based on information from Northern New England Real Estate Network.

PORTSMOUTH SINGLE FAMILY HOMES

May 2009 saw a bit of a warm up in the Portsmouth real estate market with more homes for sale (27 new listings vs. 21 in May 2008) and more homes reported sold (16 vs 9 the previous May). The average sales price of $289,597 was off a bit from the May 2008 average of $301,035 and the list price to sell price ratio was a 5% discount as opposed to 3.01% the year before. Time on market was just under the three month mark at 83 days.

Notable Portsmouth Home Sales in May 2009

• 281 Sagamore Avenue sold for $525,000
• 536 Marcy Street sold for $446,000
• 202 Dennett Street sold for $400,000
• 150 Buckminster Way sold for $396,666

PORTSMOUTH CONDOMINIUMS AND TOWNHOUSES

Five condominiums were reported sold in May, which was the same number of transactions in May 2008. It is notable that while 18 new condominiums were listed for sale in May the previous year saw 43 new condo listings in the same month. Condos in Portsmouth sold for an average of $311,290 with a list to sell price ratio of 96.2% that was nearly identical to the previous year. Average time on market was close to seven months up from 92 days in May 2008.

Portsmouth Condominium Sales in May 2009

• 126 State Street #6 sold for $510,450.
• 7 Islington Street #R5 sold for $375,000
• 33 Deer Street #500 sold for $351,000
• 508 Springbrook #508 sold for $160,000
• 80 Fleet Street #4-7 sold for $160,000

Based on information from the Northern New England Real Estate Network, Inc.

16 homes sold in Portsmouth in May 2009 with an average sales price of $289,598, which was a 5% discount from last asking price on average. A year ago there were 9 home sales reported with a higher average sales price of $301,036. It is notable that the sales prices of 15 of the 16 sales reported in May were under Rockingham County’s FHA mortgage limit of $523,750. There were 11 pending home sales contracts reported in Portsmouth in May with an average listing price of $359,909.

There are currently 59 homes for sale in Portsmouth, which represents approximately four to six months of inventory.

Homes Sold in Portsmouth – May 2009:

281 Sagamore Avenue, Portsmouth, NH, a 4 BR home, sold for $525,000
536 Marcy, Portsmouth, NH, a 3 BR home, sold for $446,000
202 Dennett St, Portsmouth, NH, a 2 BR home, sold for $400,000
150 Buckminster Way, Portsmouth, NH, a 3 BR home, sold for $396,666
22 Taft, Portsmouth, NH, a 3 BR home, sold for $310,000
33 Cliff Rd, Portsmouth, NH, a 4 BR home, sold for $305,000
77 Burkitt Street, Portsmouth, NH, a 3 BR home, sold for $304,500
181 Grant Ave., Portsmouth, NH, a 3 BR home, sold for $278,500
287 Austin Street, Portsmouth, NH, a 2 BR home, sold for $247,000
1 Garden Street, Portsmouth, NH, a 2 BR home, sold for $235,000
5 Osprey Drive, Portsmouth, NH, a 2 BR home, sold for $228,000
32 Mariette Drive, Portsmouth, NH, a 3 BR home, sold for $219,900
16 Mcdonough St, Portsmouth, NH, a 2 BR home, sold for $199,000
261 Raleigh Way, Portsmouth, NH, a 2 BR home, sold for $195,000
450 Middle Road, Portsmouth, NH, a 2 BR home, sold for $174,000
1483 Islington Street, Portsmouth, NH, a 2 BR home, sold for $170,000

Based on information from the Northern New England Real Estate Network, Inc. for the period May 1, 2009 to May 31, 2009.