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A $5.4M Rye home sold — why are Seacoast prices dipping?

Total single-family home sales increased in the first quarter of 2026, while closing prices have dipped year-over-year, according to the Seacoast Board of Realtors.

This five-bedroom, five-bathroom home at 155 Cable Road in Rye sold for $5.4 million in March 2026. USA TODAY NETWORK

Total single-family home sales increased in the first quarter of 2026, while closing prices have dipped year-over-year, according to the Seacoast Board of Realtors.

Board statistician John Rice, an associate broker with Tate & Foss Sotheby’s International Realty, reported 120 homes have sold this year through March. That is an 11% increase from the first three months of last year, when 109 homes sold. The $800,000 median sale price in the first quarter of 2026 represents a 5.3% decline from January through March 2025.

This January, the median sale price of all Seacoast single-family homes surged past $1 million for the first time since the board began compiling data.

“In terms of sales volume, we seem to be off to a solid start despite low inventory,” Seacoast Board of Realtors President Ryan Kaplan said in a prepared statement. “The good news for buyers is that prices have retreated from where they were in January.”

$5.4 million home sold in Rye the highest price of 2026

A five-bedroom, five-bathroom residence at 155 Cable Road in Rye led the way among all single-family home sales last month, closing at $5.4 million, $200,000 over the listing price.

A short walk from Jenness Beach, the house sits on a 1.1-acre parcel.

“The heart of the home is a spectacular open-concept living space with soaring cathedral ceilings, flooded with natural light and seamlessly connected to the outdoors through an accordion wall of glass,” a listing for the property says. “This stunning transition opens to a bluestone-covered patio featuring a stone fireplace, electric retractable screens, and an inviting outdoor kitchen — creating a truly exceptional indoor-outdoor experience that can be enjoyed for much of the year.”

The home is the highest-priced Seacoast home sale of 2026 to date.

How many single-family homes sold in the Seacoast in March?

The Seacoast Board of Realtors compiles real estate sale data from 13 local municipalities: Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook and Stratham.

The median single-family home sales price in March was $852,000.

Forty-nine single-family homes sold in the Seacoast last month. The Rye home was one of 16 to sell for at least $1 million in March. One sold for less than $400,000, while 20 residences sold for between $400,000 and $700,000, and a dozen sold for between $700,000 and $1 million.

How many condominiums sold in the Seacoast in March?

Fifty-six condominiums sold in the Seacoast in March. The median sale price was $510,000.

A condominium at the 70 Maplewood complex in Portsmouth was the highest-selling unit of the month at $2.75 million.

Seven condominiums sold for less than $300,000 in March. Twenty-five units sold for between $300,000 and $600,000, while 12 sold in the $600,000 to $1 million range and a dozen sold for over $1 million.

 

Reporting by Ian Lenahan, Portsmouth Herald  

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