Is Manchester, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Manchester has remained a Seller's Market.
Key Takeaway
Manchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manchester, CT
How much do homes in Manchester, CT cost?
Median Sold Price
$295,266
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Manchester have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Manchester was $295,266 in May 2024, up 11.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $100K | +17.6% |
| 2 Bedrooms | $188K | $227K | +20.7% |
| 3 Bedrooms | $265K | $300K | +13.2% |
| 4 Bedrooms | $335K | $350K | +4.5% |
| 5+ Bedrooms | $313.7K | $375K | +19.5% |
Summary: Manchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
| South Windsor | $335K | $388K | +15.8% |
| Manchester | $265K | $295.2K | +11.4% |
| Bolton | $355.5K | $389.9K | +9.7% |
| Vernon | $260K | $279.9K | +7.7% |
| Vernon Rockville | $260K | $279.9K | +7.7% |
Housing Supply in Manchester, CT
How many homes are available in Manchester, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 127 | 133 | +4.7% |
Summary: The Manchester real estate market had 133 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 56 | 60 | +7.1% |
| 4 Bedrooms | 29 | 25 | -13.8% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Manchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 37 | -22.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you could pay more than the asking price. 73% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Manchester in May 2024, down by 22.9% month-over-month. Of the 37 sold homes, 22% were sold under asking, 5% were sold at asking, and 73% were sold over asking.
Days on Market for Manchester, CT
We’re sorry, we don't have information for this market at the moment
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.