Portsmouth’s housing market showed continued signs of strength in May 2025, with notable growth in both home prices and inventory—making the Seacoast city one to watch for out-of-state buyers planning a move to New Hampshire.
The median sales price for a single-family home in Portsmouth surged to $1,200,000, a 38.7% increase compared to May 2024. This steep rise reflects sustained demand for coastal living paired with Portsmouth’s strong local economy, walkable downtown, and reputation as a cultural and culinary hub.
While higher prices might suggest a competitive seller’s market, new inventory is helping balance the scales. The months supply of inventory climbed to 3.0 months, up from just 1.9 months this time last year—a 57.9% year-over-year increase. This marks a welcome change for prospective buyers who had faced historically tight inventory levels.
In addition, homes are moving fast. The average days on market fell 6.3% to just 15 days, indicating that well-priced homes in desirable neighborhoods are still getting snapped up quickly.
What This Means for Newcomers and Relocating Buyers
Portsmouth’s real estate market offers a unique mix of high demand and improving availability. For buyers coming from larger metro areas like Boston or New York, the price points may seem steep but are increasingly competitive given the city’s coastal charm, excellent schools, and access to outdoor recreation.
With inventory growing and the pace of sales staying brisk, timing will be key. Buyers planning to relocate to the Granite State should prepare early by aligning with a local real estate expert and getting pre-approved for financing.
As summer approaches, all signs point to continued market activity, with Portsmouth maintaining its reputation as one of New Hampshire’s most desirable and dynamic coastal communities.