Is North Manchester, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Manchester is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, North Manchester has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Manchester, IN

How much do homes in North Manchester, IN cost?

Median Sold Price

$179,500

$129/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$4,500(+2.6%)

Key Takeaway

Homes in North Manchester have sold for 2.6% more than they did a month ago.

Summary: The median home sold price in North Manchester was $179,500 in November 2024, up 2.6% from last month, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $138K$179.5K
+30.1%
3 $191K$177.9K
-6.8%
4 $172K-
N/A
5+ --
N/A

Summary: North Manchester housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.1%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Manchester
+2.6%
Chester Township
-3.7%

Housing Supply in North Manchester, IN

How many homes are available in North Manchester, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2122+4.8%

Summary: The North Manchester real estate market had 22 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1416
+14.3%
4 31
-66.7%
5+ 12
+100.0%

Summary: The North Manchester 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 increased by 14.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Manchester, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in North Manchester in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.

Days on Market for North Manchester, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in North Manchester, IN

Nearby Markets to North Manchester, IN