$4,986 Closing Credit*
$419,900
2,091 SqFt
3 Beds
•1 Full Bath, 1 Partial
Patty Kilpatrick, Listing Office: ERA Blanchard & Rossetto
Is Manchester, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+12.7%)
Key Takeaway
Homes in Manchester have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Manchester was $310,000 in October 2024, up 12.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94K | $102.2K | +8.8% |
| 2 Bedrooms | $216.9K | $230K | +6.0% |
| 3 Bedrooms | $275K | $315K | +14.5% |
| 4 Bedrooms | $350K | $360K | +2.9% |
| 5+ Bedrooms | $325K | $410K | +26.2% |
Summary: Manchester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
| Bolton | $378K | $430K | +13.8% |
| South Windsor | $357K | $404.5K | +13.3% |
| Manchester | $275K | $310K | +12.7% |
| Vernon | $266K | $295K | +10.9% |
| Vernon Rockville | $268K | $295K | +10.1% |
Housing Supply in Manchester, CT
How many homes are available in Manchester, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 150 | -6.8% |
Summary: The Manchester real estate market had 150 homes for sale in October 2024, a 6.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 29 | 31 | +6.9% |
| 3 Bedrooms | 73 | 74 | +1.4% |
| 4 Bedrooms | 43 | 33 | -23.3% |
| 5+ Bedrooms | 12 | 7 | -41.7% |
Summary: The Manchester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes decreased by 41.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 41 | -24.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you could pay more than the asking price. 80.5% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Manchester in October 2024, down by 24.1% month-over-month. Of the 41 sold homes, 17% were sold under asking, 2% were sold at asking, and 80% 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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