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  2. Board Of Aldermen - Agenda - 10/27/2020 - P25

Board Of Aldermen - Agenda - 10/27/2020 - P25

By dnadmin on Sun, 11/06/2022 - 22:54
Document Date
Fri, 10/23/2020 - 14:45
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 10/27/2020 - 00:00
Page Number
25
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__102720…

Demographics & Housing Market Conditions

Home Values & Sales

HOUSES PRICED GREATER THAN $250K COMPRISE THE GREATEST SHARE OF HOME
SALES IN NASHUA.

Approximately 75% of Nashua’s owner-occupied housing stock is valued at or
above $200,000, which aligns with stakeholder conversations with real estate
professionals and developers/builders. According to MLS sales data from
2019, 91% of sales occurred in this price range as well.

Home values in Nashua have appreciated by 19% over the last 10 years
indicating a strong demand for owner-occupied housing. The median sales
price of a newly constructed home in Nashua is $407,439 while the median
sales value of an existing home is $321,198.

Nashua Housing Study - 22

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

Comparison of Home Values and 2019 Homes Sales
Source: ACS 2018, MLS 2019

=
Under $50,000

$50,000-
$100,000

$100,000 -
$150,000

mw Home Value

$150,000 -
$200,000

Sales Price

$200,000 -
$250,000

Greater than
$250,000

ASSOCIATES INC

Page Image
Board Of Aldermen - Agenda - 10/27/2020 - P25

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