Is Manteca, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manteca is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, Manteca has remained a Neutral 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

$655,863

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,863(+1.4%)

Key Takeaway

Homes in Manteca have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Manteca was $655,863 in November 2024, up 1.4% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $505K$528.1K
+4.6%
3 $570K$570K
0.0%
4 $676K$689K
+1.9%
5+ $787K$835.2K
+6.1%

Summary: Manteca housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 6.1%.

Housing Supply in Manteca, CA

How many homes are available in Manteca, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7662-18.4%

Summary: The Manteca real estate market had 62 homes for sale in November 2024, a 18.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 99
0.0%
3 2519
-24.0%
4 3327
-18.2%
5+ 86
-25.0%

Summary: The Manteca housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 24%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2210-54.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manteca, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Manteca in November 2024, down by 54.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
25 Days23 Days-8.9%

Summary: Homes in Manteca had an average of 23 days on market in Nov 2024, down by 8.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manteca are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Manteca; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Manteca, CA

Nearby Markets to Manteca, CA