Issues and Opportunities
Financial Resources of Homebuyers and Renters
RECENT HOME SALES ILLISTRATE MARKET DYNAMICS.
Home sale prices vary from neighborhood to neighborhood in Nashua with
the highest home sales prices found in the newest neighborhoods at the
periphery of the city. Homes in these neighborhoods tend to sell for over
$500,000.
For example, homes along Tanglewood Drive on the south side of Nashua
sold for an average of $656,000. These homes were constructed in the
early 2000's and average 4,300 square feet with four or five bedrooms.
These homes are selling for about $300,000 more than the typical average
sales price in Nashua over the last ten years.
Conversely, there are many neighborhoods with more modestly priced
homes particularly those in closer proximity to Nashua’s downtown area.
For example, the streets between Hollis and Kinsley have an average sales
price closer to $180,000. These homes were constructed in the early 1900's
and average 1,500 square feet with three bedrooms. These homes
(including multi-family buildings) are selling for $140,000 less than the
average sales price in Nashua.
Demand for housing in Nashua has trended upward over the last ten years.
In 2012 Average Days on Market for a new home was 94 days, in 2019 that
dropped to 6 days. Average days on market for all homes sold in 2012 was
42 and has since dropped to 10 in 2019.
Nashua Housing Study - 38
Home Sale Prices in Nashua, 2010-2019 source: MLs 2010-2019
MLS Sale Price Range
Less than $200,000
$200,001 - $275,000
$275,001 - $350,000
GED = $350,001 - $500,000
GD More than $500,000
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