SMW 2025 Mid-Year In Review

2025 MID-YEAR REVIEW Seacoast Market Watch 2 Table of Contents Special thanks to Chief Statistician/Associate Broker John Rice for his significant contribution. Data sourced from PRIME MLS, analyzed by Tate & Foss Sotheby’s International Realty. PRIME MLS does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires TFSIR’s written consent. 26 16 24 HAMPTON AREA DURHAM AREA 12 ELIOT & THE BERWICKS Most photography featured in this report courtesy of Mike Barron Photography EXETER AREA 8 OUR TEAM 22 6 WATERFRONT 18 20 MARKET INSIGHTS 14 DOVER AREA SEACOAST LAKES AREA 28 LUXURY 4 NORTHSHORE HISTORIC & ANTIQUE SO. YORK COUNTY COAST 10 PORTSMOUTH AREA Monthly Median Home Prices Reach New Highs The Seacoast’s median sale price in May climbed to $877,000, the highest since October 2024, though still below the June 2023 record of $922,500. Greater Boston Median Tops $1 Million For the first time on record, the monthly median sale price in Greater Boston surpassed $1 million, marking a new threshold for the region. Inventory Levels Highest Since 2020 Available inventory for both single-family and condominium properties reached its highest point since 2020, offering more options for buyers yet still below historical norms. $1M+ Home Sales Surge in First Half of Year New monthly records for $1 million plus single-family home sales were set in January, March, April, and May, reflecting strong demand in the luxury market. The largest single-family sale was at 12 Willow Avenue, North Hampton at $4 million. Condominium Market Gains Momentum in June After lagging behind 2024 figures for much of the year, condo sales volume surged in June, reaching the highest monthly total since September 2020. Year-to-date volume now sits 2.5% ahead of 2024, although the median condo price remains 5.8% lower at $564,940. Mortgage Rates Hold in High 6% Range Mortgage interest rates remain steady, hovering in the upper 6% range and largely accepted as the new normal. Multiple Offers Still Common at Median Price Points Competitive bidding remains strong, particularly for well-priced homes in sought-after areas. Properties at or below the local median continue to attract multiple offers. Days on Market & Price Adjustments Increase Homes are taking longer to sell and more price adjustments are occurring, signaling a shift in buyer expectations and a need for strategic pricing. Market Insights Welcome to the Summer 2025 edition of Market Watch, our semi-annual deep dive into the Seacoast real estate market. The year began amid considerable economic uncertainty, with interest rates remaining elevated hovering in the high sixes. Despite this, the single-family market on the Seacoast has shown remarkable resilience. Buyers have largely accepted the current rate environment as the “new normal” and continued shopping undeterred. Notably, many of our luxury buyers are paying in cash, insulating that segment from rate fluctuations. Sales volume in the first two quarters of 2025 surpassed 2024 by 15.9% and 6%, respectively, while inventory levels climbed to a five-year high approaching pre-COVID norms. At the same time, monthly median sale prices exceeded those from the previous year in four of the first six months. Year-to-date, the single-family median is up 1.2%, now standing at $850,000. (As an interesting benchmark, Greater Boston recently reported its first-ever monthly median above $1 million.) With more inventory available and prices continuing to edge upward, buyer urgency has cooled slightly, and average days on market (DOM) have increased in 14 Greater Seacoast towns. Still, properties listed at or near the median price—particularly in Rye, New Castle, and Portsmouth—often attracted multiple offers and remained highly competitive. Looking ahead, with the stock market reaching record highs and global financial conditions stabilizing, we anticipate a strong close to 2025. We expect at least one or two sales above the $6 million mark, and inventory levels should continue to improve. As always, whether you're buying or selling, Tate & Foss Sotheby’s International Realty is committed to delivering unmatched professionalism and market expertise. We look forward to serving you. Sincerely, The Tate & Foss SIR Team Introduction BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 2 BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 4 Greater Portsmouth Area TAX RATE: $7.88 NUMBER OF HOMES SOLD AVERAGE SALES PRICE 2025 PORTSMOUTH 2024 2025 CHANGE NUMBER OF SALES 140 180 29% DAYS ON MARKET 30 30 0% AVERAGE PRICE $985,769 $1,045,911 6% MEDIAN PRICE $800,000 $835,750 4% HIGHEST PRICE $3,425,000 $4,200,000 23% GREENLAND • NEW CASTLE NEWINGTON • PORTSMOUTH RYE • RYE BEACH RYE 2024 2025 CHANGE NUMBER OF SALES 34 28 -18% DAYS ON MARKET 85 79 -6% AVERAGE PRICE $2,033,048 $979,485 -52% MEDIAN PRICE $1,200,000 $842,500 -30% HIGHEST PRICE $18,500,000 $3,600,000 -81% TAX RATE: $9.22 TAX RATE: $12.99 TAX RATE: $5.39 RYE BEACH 2024 2025 CHANGE NUMBER OF SALES 1 1 0% DAYS ON MARKET 211 54 -74% AVERAGE PRICE $1,525,000 $2,700,000 77% MEDIAN PRICE $1,525,000 $2,700,000 77% HIGHEST PRICE $1,525,000 $2,700,000 77% TAX RATE: $11.18 $1,092,362 GREENLAND 2024 2025 CHANGE NUMBER OF SALES 13 18 38% DAYS ON MARKET 20 61 204% AVERAGE PRICE $889,454 $1,326,169 49% MEDIAN PRICE $844,900 $918,425 9% HIGHEST PRICE $1,500,000 $3,789,000 153% NEW CASTLE 2024 2025 CHANGE NUMBER OF SALES 7 2 -71% DAYS ON MARKET 10 61 519% AVERAGE PRICE $2,542,714 $3,225,000 27% MEDIAN PRICE $2,195,000 $3,225,000 47% HIGHEST PRICE $3,959,000 $3,450,000 -13% Under Contract: New Castle NH | Offered at $ 6,900,000 at a glance NEWINGTON 2024 2025 CHANGE NUMBER OF SALES 3 4 33% DAYS ON MARKET 51 22 -58% AVERAGE PRICE $2,446,296 $1,452,475 -41% MEDIAN PRICE $1,100,000 $1,587,500 44% HIGHEST PRICE $5,250,000 $1,659,900 -68% DAYS ON MARKET 233 39 TAX RATE: $8.66 NORTH HAMPTON 2024 2025 CHANGE NUMBER OF SALES 21 17 -19% DAYS ON MARKET 31 21 -32% AVERAGE PRICE $1,319,643 $1,287,465 -2% MEDIAN PRICE $1,100,000 $1,000,000 -9% HIGHEST PRICE $3,395,000 $4,000,000 18% HAMPTON 2024 2025 CHANGE NUMBER OF SALES 120 105 -13% DAYS ON MARKET 33 50 50% AVERAGE PRICE $665,836 $599,027 -10% MEDIAN PRICE $572,500 $549,000 -4% HIGHEST PRICE $3,689,000 $1,699,222 -54% 50% SEABROOK 2024 2025 CHANGE NUMBER OF SALES 28 26 -7% DAYS ON MARKET 29 33 15% AVERAGE PRICE $889,754 $696,256 -22% MEDIAN PRICE $630,500 $652,500 3% HIGHEST PRICE $3,393,500 $1,900,000 -44% Under Contract: 3 Appledore Avenue, North Hampton NH | Offered at $2,950,000 TAX RATE: $12.80 Greater Hampton Area 168 SOUTH HAMPTON 2024 2025 CHANGE NUMBER OF SALES 4 8 100% DAYS ON MARKET 38 19 -51% AVERAGE PRICE $855,000 $1,027,488 20% MEDIAN PRICE $750,000 $777,500 4% HIGHEST PRICE $1,205,000 $2,550,000 112% HAMPTON • HAMPTON FALLS NORTH HAMPTON • SEABROOK SEABROOK at a glance BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 6 $1,027,488 2025 AVERAGE SALES PRICE TAX RATE: $11.72 NUMBER OF HOMES SOLD TAX RATE: $13.80 DAYS ON MARKET IN HAMPTON UP 52 TAX RATE: $14.32 DAYS ON MARKET TAX RATE: $12.32 HAMPTON FALLS 2024 2025 CHANGE NUMBER OF SALES 18 12 -33% DAYS ON MARKET 16 174 969% AVERAGE PRICE $1,239,278 $1,092,208 -12% MEDIAN PRICE $1,150,000 $937,000 -19% HIGHEST PRICE $3,250,000 $2,150,000 -34% 2025 BRENTWOOD • EAST KINGSTON EXETER • KENSINGTON NEWFIELDS • STRATHAM BRENTWOOD 2024 2025 CHANGE NUMBER OF SALES 24 28 17% DAYS ON MARKET 38 30 -22% AVERAGE PRICE $855,000 $823,778 -4% MEDIAN PRICE $750,000 $761,000 1% HIGHEST PRICE $1,205,000 $1,500,000 24% TAX RATE: $16.13 AVERAGE SALES PRICE 44 For Sale: 12 Haywick Drive, Stratham NH | Offered at $1,495,000 TAX RATE: $13.12 TAX RATE: $13.21 NUMBER OF HOMES SOLD BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 8 TAX RATE: $17.79 Greater Exeter Area EXETER 2024 2025 CHANGE NUMBER OF SALES 87 105 21% DAYS ON MARKET 26 33 26% AVERAGE PRICE $651,645 $724,706 11% MEDIAN PRICE $590,000 $599,000 2% HIGHEST PRICE $1,450,000 $2,550,000 76% TAX RATE: $25.17 DAYS ON MARKET STRATHAM 2024 2025 CHANGE NUMBER OF SALES 40 49 23% DAYS ON MARKET 14 17 25% AVERAGE PRICE $721,933 $789,951 9% MEDIAN PRICE $640,000 $740,000 16% HIGHEST PRICE $1,500,000 $2,250,000 50% 210 KENSINGTON 2024 2025 CHANGE NUMBER OF SALES 12 5 -58% DAYS ON MARKET 79 63 -20% AVERAGE PRICE $854,017 $458,136 -46% MEDIAN PRICE $695,000 $747,045 7% HIGHEST PRICE $1,750,000 $1,825,000 4% at a glance NEWFIELDS 2024 2025 CHANGE NUMBER OF SALES 4 9 125% DAYS ON MARKET 39 27 -32% AVERAGE PRICE $588,475 $895,778 52% MEDIAN PRICE $545,500 $858,000 57% HIGHEST PRICE $799,990 $1,375,000 72% TAX RATE: $16.09 EAST KINGSTON 2024 2025 CHANGE NUMBER OF SALES 16 14 -13% DAYS ON MARKET 22 26 17% AVERAGE PRICE $570,275 $648,393 14% MEDIAN PRICE $541,500 $683,750 26% HIGHEST PRICE $724,900 $915,000 26% $759,943 22% AVERAGE SALES PRICE Greater Dover Area HIGHEST SALES PRICE IN SOMERSWORTH UP SOMERSWORTH 2024 2025 CHANGE NUMBER OF SALES 43 43 0% DAYS ON MARKET 18 27 55% AVERAGE PRICE $423,295 $477,362 13% MEDIAN PRICE $417,000 $445,000 7% HIGHEST PRICE $622,000 $1,190,000 91% For Sale: 32 Wisteria Drive, Dover NH | Offered at $8,495,000 DOVER • ROCHESTER ROLLINSFORD • SOMERSWORTH TAX RATE: $18.17 TAX RATE: $14.85 $519,825 TAX RATE: $18.70 NUMBER OF SALES IN DOVER DOWN 334 ROCHESTER 2024 2025 CHANGE NUMBER OF SALES 158 130 -18% DAYS ON MARKET 19 19 0% AVERAGE PRICE $395,565 $427,872 8% MEDIAN PRICE $389,500 $410,500 5% HIGHEST PRICE $1,045,000 $706,000 -32% ROLLINSFORD 2024 2025 CHANGE NUMBER OF SALES 14 9 -36% DAYS ON MARKET 33 37 12% AVERAGE PRICE $509,536 $692,333 36% MEDIAN PRICE $453,750 $588,000 30% HIGHEST PRICE $995,000 $1,225,000 23% NUMBER OF HOMES SOLD at a glance 91% 2025 24 BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 10 TAX RATE: $16.41 DAYS ON MARKET DOVER 2024 2025 CHANGE NUMBER OF SALES 195 152 -22% DAYS ON MARKET 26 27 4% AVERAGE PRICE $616,379 $600,267 -3% MEDIAN PRICE $550,000 $549,950 0% HIGHEST PRICE $2,475,000 $3,365,000 36% at a glance TAX RATE: $29.19 TAX RATE: $20.33 For Sale: 15 Laurel Lane, Durham NH | Offered at $1,178,999 DAYS ON MARKET IN NEWMARKET DOWN 58% 92 NUMBER OF HOMES SOLD DURHAM 2024 2025 CHANGE NUMBER OF SALES 33 25 -24% DAYS ON MARKET 11 43 306% AVERAGE PRICE $766,811 $703,847 -8% MEDIAN PRICE $640,000 $654,000 2% HIGHEST PRICE $3,350,000 $1,400,000 -58% DAYS ON MARKET NEWMARKET 2024 2025 CHANGE NUMBER OF SALES 51 44 -14% DAYS ON MARKET 29 15 -48% AVERAGE PRICE $525,204 $595,681 13% MEDIAN PRICE $534,900 $549,950 3% HIGHEST PRICE $975,000 $975,000 0% 2025 TAX RATE: $17.20 BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 12 TAX RATE: $25.77 AVERAGE SALES PRICE LEE 2024 2025 CHANGE NUMBER OF SALES 17 18 6% DAYS ON MARKET 22 23 6% AVERAGE PRICE $610,312 $575,289 -6% MEDIAN PRICE $585,000 $582,500 0% HIGHEST PRICE $1,050,000 $805,000 -23% HIGHEST PRICE IN DURHAM DOWN MADBURY 2024 2025 CHANGE NUMBER OF SALES 10 5 -50% DAYS ON MARKET 14 28 99% AVERAGE PRICE $822,734 $1,002,000 22% MEDIAN PRICE $661,500 $850,000 28% HIGHEST PRICE $2,000,000 $2,000,000 0% DURHAM • LEE MADBURY • NEWMARKET $643,167 48% Greater Durham Area 25 BERWICK 2024 2025 CHANGE NUMBER OF SALES 35 24 -31% DAYS ON MARKET 26 75 191% AVERAGE PRICE $453,438 $527,629 16% MEDIAN PRICE $465,000 $483,000 4% HIGHEST PRICE $750,000 $948,500 26% BERWICK • ELIOT NORTH BERWICK • SOUTH BERWICK 35% HIGHEST SALE IN SO.BERWICK UP BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 16 DAYS ON MARKET AVERAGE SALES PRICE 38 TAX RATE: $10.00 31% $602,945 SOUTH BERWICK 2024 2025 CHANGE NUMBER OF SALES 34 27 -21% DAYS ON MARKET 15 21 35% AVERAGE PRICE $488,430 $546,626 12% MEDIAN PRICE $479,500 $530,000 11% HIGHEST PRICE $997,000 $1,350,000 35% NUMBER OF HOMES SOLD NORTH BERWICK 2024 2025 CHANGE NUMBER OF SALES 22 7 -68% DAYS ON MARKET 19 31 67% AVERAGE PRICE $465,724 $627,429 35% MEDIAN PRICE $455,501 $555,000 22% HIGHEST PRICE $997,000 $925,000 -7% 2025 TAX RATE: $12.47 DAYS ON MARKET IN BERWICK DOWN TAX RATE: $11.85 87 ELIOT 2024 2025 CHANGE NUMBER OF SALES 21 29 38% DAYS ON MARKET 16 25 57% AVERAGE PRICE $599,405 $711,802 19% MEDIAN PRICE $585,000 $635,000 9% HIGHEST PRICE $1,150,000 $1,750,000 52% Eliot & The Berwicks at a glance TAX RATE: $13.42 TAX RATE: $16.95 KITTERY 2024 2025 CHANGE NUMBER OF SALES 43 50 16% DAYS ON MARKET 39 50 28% AVERAGE PRICE $744,078 $658,573 -11% MEDIAN PRICE $635,000 $610,000 -4% HIGHEST PRICE $1,791,800 $1,555,000 -13% KENNEBUNK • KENNEBUNKPORT KITTERY • OGUNQUIT • WELLS YORK 402 TAX RATE: $6.50 For Sale: 23 Kings Road, York ME | Offered at $3,895,000 NUMBER OF HOMES SOLD $824,569 BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 18 WELLS 2024 2025 CHANGE NUMBER OF SALES 130 150 15% DAYS ON MARKET 40 44 11% AVERAGE PRICE $607,261 $559,778 -8% MEDIAN PRICE $497,250 $541,376 9% HIGHEST PRICE $4,500,000 $1,950,000 -57% KENNEBUNKPORT 2024 2025 CHANGE NUMBER OF SALES 46 39 -15% DAYS ON MARKET 55 71 28% AVERAGE PRICE $1,570,842 $1,767,331 13% MEDIAN PRICE $1,005,000 $1,145,000 14% HIGHEST PRICE $7,700,000 $12,000,000 56% TAX RATE: $14.20 2025 48 OGUNQUIT 2024 2025 CHANGE NUMBER OF SALES 23 17 -26% DAYS ON MARKET 58 21 -63% AVERAGE PRICE $769,561 $944,406 23% MEDIAN PRICE $700,000 $750,000 7% HIGHEST PRICE $1,900,000 $3,500,000 84% TAX RATE: $8.40 AVERAGE SALES PRICE TAX RATE: $6.46 DAYS ON MARKET KENNEBUNK 2024 2025 CHANGE NUMBER OF SALES 106 88 -17% DAYS ON MARKET 31 48 56% AVERAGE PRICE $807,058 $821,392 2% MEDIAN PRICE $615,000 $670,294 9% HIGHEST PRICE $2,935,000 $2,490,000 -15% at a glance TAX RATE: $5.96 Southern York County Coast YORK 2024 2025 CHANGE NUMBER OF SALES 110 108 -2% DAYS ON MARKET 59 48 -19% AVERAGE PRICE $1,177,878 $975,124 -17% MEDIAN PRICE $834,500 $822,500 -1% HIGHEST PRICE $8,400,000 $3,837,500 -54% NUMBER OF HOMES SOLD T&F Significant Sale: 212 Walker Bungalow Road, Portsmouth NH | $3,939,000 | June 2025 $2,668,750 BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 20 T&F Significant Sale: 105 Waters Edge, Greenland NH | $2,986,000 | January 2025 HIGHEST SALES PRICE 52 50 Luxury MEDIAN SALES PRICE $12,000,000 T&F Significant Sale: 12 Willow Avenue, North Hampton NH | $4,000,000 | May 2025 $3,125,808 AVERAGE SALES PRICE 2025 DAYS ON MARKET 2025 NUMBER OF HOMES SOLD { Oceanfront { 83 62 BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 22 48 52 $1,507,217 $960,950 $9,700,000 $1,454,408 35 76 $1,381,983 $794,000 $12,000,000 T&F Significant Sale: 24 Mill Pond Road, New Castle NH | $3,400,000 | July 2025 Kennebunkport NUMBER OF SALES DAYS ON MARKET AVERAGE PRICE MEDIAN PRICE HIGHEST PRICE River-Bay-Lakefront $12,000,000 Waterfront Kennebunkport vs. AVERAGE SALES PRICE MEDIAN SALES PRICE T&F Significant Sale: 5 Great Boars Head, Hampton NH | $1,700,000 | July 2025 DAYS ON MARKET SPOTLIGHT ON 2025 WATERFRONT SALES $875,000 HIGHEST SALES PRICE $639,500 T&F Significant Sale: 139 South Street, Unit A, Portsmouth NH | $1,465,000 | March 2025 46 T&F Significant Sale: 171 Pickpocket Road, Brentwood NH | $1,500,000 | June 2025 AVERAGE SALES PRICE 218 MEDIAN SALES PRICE $873,627 Historic & Antique T&F Significant Sale: 11 Atkinson Street, New Castle NH | $1,850,000 | June 2025 NUMBER OF HOMES SOLD HIGHEST SALES PRICE $4,200,000 2025 DAYS ON MARKET BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 24 AVERAGE SALES PRICE DAYS ON MARKET TAX RATE: $14.85 NEWBURYPORT • AMESBURY BROWSE ALL MLS LISTING AND LEARN MORE ABOUT THE MARKET AT LIVESEACOAST.COM SEACOAST MARKET WATCH | 26 HIGHEST PRICE IN NEWBURYPORT UP NUMBER OF HOMES SOLD 54% DAYS ON MARKET IN NEWBURY DOWN 234 NEWBURYPORT 2024 2025 CHANGE NUMBER OF SALES 125 129 3% DAYS ON MARKET 36 46 28% AVERAGE PRICE $972,597 $1,107,282 14% MEDIAN PRICE $854,450 $985,000 15% HIGHEST PRICE $2,862,500 $4,150,000 45% AMESBURY 2024 2025 CHANGE NUMBER OF SALES 98 105 7% DAYS ON MARKET 31 30 -5% AVERAGE PRICE $591,868 $655,524 11% MEDIAN PRICE $519,000 $620,000 19% HIGHEST PRICE $2,780,000 $1,400,000 -50% The Northshore TAX RATE: $18.17 $904,570 at a glance 39 2025 42% Patricia Weathersby Sales Associate 603.957.1430 t OUR TEAM John Rice Associate Broker 603.498.4034 t Caren Logan Sales Associate 603.370.0544 t Lizzie Ferris Sales Associate 603.828.1954 t Kristin Mcnulty Finance 603.964.8028 t Sean Fellows Sales Associate 603.616.6885 t Chantal O'Hare Sales Associate 603.303.6344 t Lynne Joyce Associate Broker 603.591.8489 t Mary Beth Hixon Sales Associate 603.548.5380 t Tony Jalbert Principal Broker 603.498.6241 t Lisa Chase Associate Broker 603.817.1818 t Kathy Corbett Sales Associate 603.781.6959 t Maggie Campbell Sales Associate 603.918.0069 t Kasey Gossom Marketing Manager 603.964.8028 Jonathan Levy Sales Associate 617.828.3921 t Sharon Parker Sales Associate 603.828.1705 t Jenifer Parker Sales Associate 603.498.0555 t Dana Mitchell Associate Broker 603.682.2333 t Jenifer Suech Sales Associate 603.505.1836 t Brett Mulvey Sales Associate 603.396.6098 t