Amherst, NH 03031 Real Estate Market Report

ZIP Code: 03031
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Amherst, NH is $619,950, reflecting a robust market with significant price appreciation. The neighborhood has increased up since 2023, indicating strong demand despite the current economic conditions. The market is characterized by a hot temperature, suggesting that buyers are actively seeking properties, although the 307 days median days on market indicates a slower sales velocity than might be expected in a typical seller's market.

Inventory levels appear elevated, with excess supply relative to sales activity, which may indicate a potential for negotiation on pricing. The median price per square foot stands at $159.25, reinforcing the upward trend in property values. Additionally, the median market rent is $2,360, which may influence buyer behavior as potential homeowners weigh the costs of renting versus purchasing in the current market environment.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Amherst, NH are averaging 6.46%, which is 0.19% lower than the 6.65% average from a year ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $619,950 indicates a strong appreciation in property values, reflecting a competitive market.

2. With 307 days on market, the sales velocity is slower, suggesting that buyers may be taking their time to make decisions despite the hot market temperature.

3. The median price per square foot of $159.25 aligns with the upward trend in property values, indicating sustained demand for homes in the area.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may provide opportunities for buyers to negotiate on price.

5. The median market rent of $2,360 may impact buyer sentiment, as potential homeowners consider the cost-effectiveness of purchasing versus renting.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.