Is Manchester Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manchester Township has remained a Seller's Market.
Housing Prices in Manchester Township, MI
How much do homes in Manchester Township, MI cost?
Median Sold Price
$295,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manchester Township was $295,000 in April 2024, down 1.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160.5K | $177.1K | +10.4% |
3 Bedrooms | $299.9K | $324.9K | +8.3% |
4 Bedrooms | $363K | $383.9K | +5.8% |
5+ Bedrooms | $450K | $275K | -38.9% |
Summary: Manchester Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 38.9%.
Median Sold Price Compared To Nearby Cities
Manchester | $291K | $324.9K | +11.6% |
Franklin Township | $440K | $483K | +9.8% |
Tipton | $302.7K | $318.2K | +5.1% |
Manchester Township | $299.9K | $295K | -1.6% |
Bridgewater Township | $401.2K | $382.5K | -4.7% |
Housing Supply in Manchester Township, MI
How many homes are available in Manchester Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Summary: The Manchester Township real estate market had 25 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Manchester Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Manchester Township in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Manchester Township, MI
How long does it take to sell a home in Manchester Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 67 Days | +37.3% |
Summary: Homes in Manchester Township had an average of 67 days on market in Apr 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Manchester Township; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.