$6,472 Closing Credit*
$545,000
2,762 SqFt
4 Beds
•2 Full Baths, 1 Partial
Carmen E. Lennartsson, Listing Office: Keller Williams Realty Partners
Is Manchester, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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, MD
How much do homes in Manchester, MD cost?
Median Sold Price
$435,450
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$14,550(-3.2%)
Key Takeaway
Homes in Manchester have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Manchester was $435,450 in September 2024, down 3.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $307.5K | -25.0% |
| 3 Bedrooms | $342.5K | $372.5K | +8.8% |
| 4 Bedrooms | $525K | $579K | +10.3% |
| 5+ Bedrooms | $615K | $565K | -8.1% |
Summary: Manchester housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in Manchester, MD
How many homes are available in Manchester, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Summary: The Manchester real estate market had 25 homes for sale in September 2024, a 19.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 15 | 9 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Manchester housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Manchester in September 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Manchester, MD
How long does it take to sell a home in Manchester, MD?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 27 Days | 7 Days | -72.2% |
Summary: Homes in Manchester had an average of 7 days on market in Sep 2024, down by 72.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manchester are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 6 homes were sold in Manchester; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
