$3,443 Closing Credit*
$289,900
1,738 SqFt
3 Beds
•2 Full Baths
Tom Bliesner, Listing Office: Milestone Realty
Is Manchester, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Manchester was a Seller's Market.
Key Takeaway
Manchester is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Manchester, MI
How much do homes in Manchester, MI cost?
Median Sold Price
$350,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+16.7%)
Key Takeaway
Homes in Manchester have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Manchester was $350,000 in October 2024, up 16.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $165K | 0.0% |
| 3 Bedrooms | $300.4K | $350K | +16.5% |
| 4 Bedrooms | $359.9K | $550K | +52.8% |
| 5+ Bedrooms | $455K | $529.5K | +16.4% |
Summary: Manchester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 52.8%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $297.4K | $350K | +17.7% |
| Manchester | $300K | $350K | +16.7% |
Housing Supply in Manchester, MI
How many homes are available in Manchester, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Summary: The Manchester real estate market had 38 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Manchester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Manchester in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Manchester, MI
How long does it take to sell a home in Manchester, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 69 Days | +57.8% |
Summary: Homes in Manchester had an average of 69 days on market in Oct 2024, up by 57.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 6 homes were sold in Manchester; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
