Amherst, NH 03031 Real Estate Market Report
ZIP Code: 03031
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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.
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.
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.
Property Taxes
Liquidity & Velocity
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.
Key Findings
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The neighborhood's primary market signal is the median sold price of 662,000, which serves as the most reliable indicator of current value and recent transaction outcomes in Amherst, NH; given the market temperature is hot, this median sold price supports a pricing environment where sellers retain leverage.
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Market velocity shows a slower sales cadence with a median days on market of 302, which, despite a hot market temperature and price momentum, suggests pricing friction or buyer selectivity rather than rapid churn.
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Pricing structure is anchored at a median price per square foot of 168 and rental context shows a median market rent of 1,995; combined with the price year-over-year trend being up, these figures point to ongoing upward pressure on both sale prices and rents.
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Interest rate pressure is flagged as elevated, which may dampen affordability even as the market remains hot; coupled with a relatively constrained active supply in the analyzed sample, this dynamic suggests continued competition for appropriately priced, move-in-ready SFR and condominium inventory and potential for selective price sensitivity among buyers.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold above market average
Sold above market average
Amherst, NH 03031 Real Estate Market Report
ZIP Code: 03031
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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.
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.
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.
Property Taxes
Liquidity & Velocity
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.
Key Findings
-
The primary indicator of recent market value is the median sold price 429,900, which anchors pricing expectations for Amherst transactions and aligns with the broader price year-over-year trend up.
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Liquidity appears mixed: the median days on market 315 points to slower sales velocity relative to a hot market temperature, which may indicate pricing friction or longer negotiation timelines despite underlying demand.
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Valuation and income context: the median price per square foot 265 and median market rent 1,995 together provide a market snapshot for pricing and rent comparables, while rent trends are up—investors and appraisers should weigh these alongside elevated interest rate pressure elevated when modeling financing sensitivity.
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Interpret findings cautiously because the analytical sample of recent transactions is limited to 7 analyzed sales; this small sample size may increase outcome variance and suggests relying on supplemental local comps or on-market indicators for transaction-level decisions.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold at market average
Sold at market average
Sold at market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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