Keene Home Values

Days on market jumped from roughly 41 over the full year to about 54 days in the most recent quarter — a meaningful deceleration in how quickly Keene homes moved from list to close. Based on MLS data for 2026-06 closings in Keene, price per square foot settled near $153, a step down from the trailing annual pace near $158. Sellers gave back roughly three and a half cents on the dollar at closing, and not a single transaction in the latest quarter closed above asking — a shift from the 5% of deals that exceeded list price over the prior twelve months. With the limited sample of about 32 closings, these figures are directional, but the trend points toward a market where buyers are extracting more time and concessions before committing.

The pipeline tells a sharper story: pending contracts in Keene dropped to roughly 15 against 65 active listings — a pending-to-active ratio that signals near-term absorption has slowed substantially. New listings over the quarter numbered about 35, keeping supply relatively stable, but the gap between available inventory and committed buyers has widened. At just over six months of supply, Keene sits slightly below Johnson County's pace, though the low pending count raises the question of whether that gap will close in the coming months.

At roughly $155 per square foot, Keene closed about 9% below Johnson County's figure near $171, a gap that directionally suggests a structural price discount relative to the broader county market. Based on MLS data for recent closings in Keene, deals settled near 97 cents on the dollar against list price, yet the concession rate stood at roughly 93%—far above Johnson County's 61%—indicating widespread seller contributions even when headline pricing held firm. Closed transactions averaged around 58 days on market, up from the 42-day pace over the prior twelve months, and the limited sample size points toward measurable softening at the transaction level.

The pipeline in Keene shows 17 pending transactions against 67 active listings—a pending-to-active ratio that points to limited near-term absorption. At roughly 6.9 months of supply, conditions sit somewhat below Johnson County's 7.9 months, suggesting Keene carries relatively less inventory pressure than the broader county. New listing flow has continued at a moderate pace. With closed-sale durations trending into the high-50-day range, the forward picture directionally suggests continued softness in transaction velocity over the near term.