Is Manchester Square, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manchester Square is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Manchester Square was a Seller's Market.

Key Takeaway

Manchester Square is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Manchester Square, CA

How much do homes in Manchester Square, CA cost?

Median Sold Price

$760,000

$516/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+1.5%)

Key Takeaway

Homes in Manchester Square have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Manchester Square was $760,000 in October 2024, up 1.5% from last year, and the median price per square foot was $516.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $675K-
N/A
2 $625K$635K
+1.6%
3 $755K$785K
+4.0%
4 $930K$843.3K
-9.3%
5+ $939.7K$1.1M
+17.5%

Summary: Manchester Square housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 17.5%.

Median Sold Price Compared To Nearby Neighborhoods

Vermont Slauson
+14.9%
Harvard Park
+3.7%
Manchester Square
+1.5%

Housing Supply in Manchester Square, CA

How many homes are available in Manchester Square, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2730+11.1%

Summary: The Manchester Square real estate market had 30 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1315
+15.4%
4 88
0.0%
5+ 34
+33.3%

Summary: The Manchester Square housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manchester Square, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Manchester Square in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Manchester Square, CA

How long does it take to sell a home in Manchester Square, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days110 Days+275.4%

Summary: Homes in Manchester Square had an average of 110 days on market in Oct 2024, up by 275.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Manchester Square has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Manchester Square; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Manchester Square, CA

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