Blog :: 02-2025

Welcome to the North Conway Realty blog. This is where you’ll find helpful information about buying and selling real estate in North Conway and the surrounding Mount Washington Valley. We share local market updates, tips for buyers and sellers, neighborhood highlights, and insights based on real, current activity—not just headlines. Whether you’re planning a move, watching the market, or simply curious about what’s happening locally, this blog is designed to give you clear, useful information so you can make confident real estate decisions.

Please note: The information shared on this blog is intended for general informational purposes only and should not be considered legal, tax, financial, surveying, or professional real estate advice. Real estate laws, regulations, market conditions, and property-specific details can change over time and may vary by situation. Buyers and sellers should consult with qualified professionals regarding their individual circumstances.

Madison, NH 2024 Sales Summary

Madison, NH Real Estate Market Recap – 2024

The 2024 real estate market in Madison, NH saw steady activity, with 53 homes sold over the course of the year. From affordable homes to high-end properties, buyers showed strong interest across various price points, particularly in the Eidelweiss neighborhood.

Home Prices & Market Trends

Throughout the year, home prices in Madison reflected a diverse range:

  • Average Sold Price: $523,449
  • Median Sold Price: $399,000
  • Median Days on Market: 12
  • Lowest Sale Price: $165,000
  • Highest Sale Price: $1,849,000

With a median days-on-market of just 12 days, well-priced homes continued to sell quickly. Buyers were willing to move fast, especially in competitive price ranges.

Buying Trends: Cash vs. Financing

A significant number of homes were purchased with cash in 2024, highlighting the presence of both investors and buyers looking to avoid mortgage-related delays.

  • 25 of the 53 sales closed with cash

Eidelweiss is popular!

  • 28 of the 53 homes sold were located in Eidelweiss, reaffirming its popularity among buyers

Eidelweiss, known for its scenic setting and access to ponds, remained a top choice for both primary homeowners and those seeking a vacation retreat.

What Buyers Purchased

Breaking down home sales by bedroom count offers insight into buyer demand:

  • 1-Bedroom Homes: 1 sold
  • 2-Bedroom Homes: 12 sold
  • 3-Bedroom Homes: 31 sold
  • 4+ Bedroom Homes: 9 sold

Three-bedroom homes remained the most in-demand, making up nearly 60% of total sales. These properties offered buyers the ideal balance of space, affordability, and functionality, making them a top choice in the market.

Key Takeaways from 2024

  • Well-priced homes sold quickly, with a median of just 12 days on the market
  • Cash buyers played a major role, closing nearly half of all transactions
  • Eidelweiss remained the most active neighborhood, accounting for over half of all sales
  • 3-bedroom homes dominated the market, showing strong demand for mid-sized properties

Looking Ahead

As the Madison real estate market moves into 2025, trends from 2024 highlight a competitive yet diverse market. With steady demand, quick sales, and strong buyer interest in Eidelweiss, Madison remains an attractive place for both homebuyers and sellers.

Thinking about buying or selling in 2025? Let’s connect! 

Here is a link to homes currently for sale in Madison

Madison sets limits on STRs

From a story in today's Conway Daily Sun: Click here for the full story

Madison Zoning Board Sets New Limits on Short-Term Rentals Despite Court Ruling

The Madison Zoning Board of Adjustment (ZBA) has imposed new restrictions on short-term rental (STR) owners, despite a recent court ruling in their favor. The case involves two couples, the Ardizzonis and the Clymers, who own a property at 13 Lucerne Drive in Madison’s Eidelweiss community. The New Hampshire Land Use Court ruled in December that the owners could continue short-term renting under a "nonconforming pre-existing use" provision, as the property was used as an STR since 2017, before Madison’s 2022 ban on new STRs.

In response, the ZBA voted 5-0 to limit rentals to the highest number of days rented in a single year plus 15%. For the Ardizzoni/Clymer property, this translates to a 61-day rental limit. A similar case resulted in a 69-day cap. ZBA members believe the formula ensures fairness and consistency.

However, STR owners' attorney Matt Johnson warned that limiting rental days could face further legal challenges, arguing the ZBA lacks authority to impose such restrictions. David Cavanaugh of the MWV Responsible Renters Association criticized the decision, noting the court already deemed STRs as residential use, protected under grandfathering rights, and raising concerns about unequal treatment and enforcement issues.

With a 30-day appeal window open, further legal action may follow. The debate highlights the ongoing tension between property rights and local zoning regulations in Madison.

Regulating the number of days a property is rented is one of the hardest things to do. Out-of-state plates in the driveway? That could be the owner, a friend, family—or frankly, none of your business. Even if a town wanted to enforce it, how could they realistically track the number of rental days?

On the other hand, limiting occupancy is much easier. Airbnb or VRBO listings are public and can be regularly checked. Plus, in my opinion, occupancy limits tend to address the real issues. What’s better: 15 people in a three-bedroom house for 50 nights a year, or the proper number of guests with no strict rental timeline? Other towns have tried to regulate the number of rental nights, and it just doesn’t work.