$5,331 Closing Credit*
$448,888
2,224 SqFt
4 Beds
•2 Full Baths
Ron Patel, Listing Office: The North Star Realtors, LLC
Is Manchester, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$310,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+10.7%)
Key Takeaway
Homes in Manchester have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Manchester was $310,000 in November 2024, up 10.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93K | $106.7K | +14.8% |
| 2 Bedrooms | $217.5K | $230K | +5.7% |
| 3 Bedrooms | $280K | $311K | +11.1% |
| 4 Bedrooms | $350K | $363K | +3.7% |
| 5+ Bedrooms | $330K | $413.5K | +25.3% |
Summary: Manchester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Vernon | $270K | $308K | +14.1% |
| Vernon Rockville | $270.8K | $308K | +13.7% |
| Manchester | $280K | $310K | +10.7% |
| South Windsor | $365K | $400.5K | +9.7% |
| Bolton | $381.5K | $415K | +8.8% |
Housing Supply in Manchester, CT
How many homes are available in Manchester, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 163 | 148 | -9.2% |
Summary: The Manchester real estate market had 148 homes for sale in November 2024, a 9.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 29 | 25 | -13.8% |
| 3 Bedrooms | 80 | 75 | -6.3% |
| 4 Bedrooms | 36 | 32 | -11.1% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Manchester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in Manchester in November 2024, up by 4.3% month-over-month. Of the 48 sold homes, 15% were sold under asking, 10% were sold at asking, and 75% were sold over asking.
Days on Market for Manchester, CT
We’re sorry, we don't have information for this market at the moment
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