Is Manchester, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, NH
How much do homes in Manchester, NH cost?
Median Sold Price
$424,250
$270/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Manchester have sold for 3.5% more than they did a month ago.
Summary: The median home sold price in Manchester was $424,250 in May 2024, up 3.5% from last month, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $225K | +6.1% |
| 2 Bedrooms | $314.2K | $377.5K | +20.1% |
| 3 Bedrooms | $407K | $484.9K | +19.1% |
| 4 Bedrooms | $440K | $517.5K | +17.6% |
| 5+ Bedrooms | $435K | $625K | +43.7% |
Summary: Manchester housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 43.7%.
Median Sold Price Compared To Nearby Cities
| Hooksett | $429.5K | $620K | +44.4% |
| Auburn | $615K | $729.9K | +18.7% |
| Manchester | $410K | $424.2K | +3.5% |
| Goffstown | $470K | $452.5K | -3.7% |
Housing Supply in Manchester, NH
How many homes are available in Manchester, NH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 138 | 192 | +39.1% |
Summary: The Manchester real estate market had 192 homes for sale in May 2024, a 39.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 14 | +40.0% |
| 2 Bedrooms | 37 | 52 | +40.5% |
| 3 Bedrooms | 64 | 83 | +29.7% |
| 4 Bedrooms | 25 | 37 | +48.0% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
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 40.5%, 3 bedroom homes increased by 29.7%, 4 bedroom homes increased by 48%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 78 | +188.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
66 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you could pay more than the asking price. 84.6% of homes here sold above asking price last month.
Summary: A total of 78 homes were sold or pending in Manchester in May 2024, up by 188.9% month-over-month. Of the 78 sold homes, 6% were sold under asking, 9% were sold at asking, and 85% were sold over asking.
Days on Market for Manchester, NH
How long does it take to sell a home in Manchester, NH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 6 Days | -50.0% |
Summary: Homes in Manchester had an average of 6 days on market in May 2024, down by 50% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manchester are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 78 homes were sold in Manchester; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.