Is Manhattan Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manhattan Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Manhattan Township has remained a Seller's Market.

Key Takeaway

Manhattan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Manhattan Township, IL

How much do homes in Manhattan Township, IL cost?

Median Sold Price

$373,995

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,255(-0.9%)

Key Takeaway

Homes in Manhattan Township have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Manhattan Township was $373,995 in November 2024, down 0.9% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K-
N/A
2 $239.9K$270K
+12.5%
3 $305K$315K
+3.3%
4 $430K$435.9K
+1.4%
5+ $546K$550K
+0.7%

Summary: Manhattan Township 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 12.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Cities

New Lenox
+7.8%
New Lenox Township
+5.1%
Manhattan
+1.3%
Manhattan Township
-0.9%

Housing Supply in Manhattan Township, IL

How many homes are available in Manhattan Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
72720.0%

Summary: The Manhattan Township real estate market had 72 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 2527
+8.0%
4 3533
-5.7%
5+ 32
-33.3%

Summary: The Manhattan Township 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 increased by 11.1%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manhattan Township, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Manhattan Township in November 2024, up by 46.2% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.

Days on Market for Manhattan Township, IL

How long does it take to sell a home in Manhattan Township, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days28 Days+40.8%

Summary: Homes in Manhattan Township had an average of 28 days on market in Nov 2024, up by 40.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 19 homes were sold in Manhattan Township; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% 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 22 Days Ago

Newest Listings in Manhattan Township, IL

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