Is Manteca, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Manteca was a Seller's Market.
Key Takeaway
Manteca is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Manteca, CA
How much do homes in Manteca, CA cost?
Median Sold Price
$652,037
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Manteca have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Manteca was $652,037 in May 2024, up 3.1% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $515K | $495K | -3.9% |
| 3 Bedrooms | $575K | $550K | -4.3% |
| 4 Bedrooms | $679.1K | $692.3K | +1.9% |
| 5+ Bedrooms | $780K | $810K | +3.8% |
Summary: Manteca housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in Manteca, CA
How many homes are available in Manteca, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 64 | +3.2% |
Summary: The Manteca real estate market had 64 homes for sale in May 2024, a 3.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 32 | 28 | -12.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Manteca housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manteca, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Manteca in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Manteca, CA
How long does it take to sell a home in Manteca, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 11 Days | -73.5% |
Summary: Homes in Manteca had an average of 11 days on market in May 2024, down by 73.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manteca are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Manteca; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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