$4,156 Closing Credit*
$350,000
1,500 SqFt
3 Beds
•2 Full Baths
Jason Aldrich, Listing Office: ERA REARDON - BROOKLYN
Is Manchester, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MI
How much do homes in Manchester, MI cost?
Median Sold Price
$359,900
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$59,900(+20.0%)
Key Takeaway
Homes in Manchester have sold for 20% more than they did a year ago.
Summary: The median home sold price in Manchester was $359,900 in November 2024, up 20% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $165K | 0.0% |
| 3 Bedrooms | $299.9K | $359.9K | +20.0% |
| 4 Bedrooms | $349.9K | $532.4K | +52.2% |
| 5+ Bedrooms | $455K | $299K | -34.3% |
Summary: Manchester 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 did not change, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes decreased by 34.3%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $299.9K | $362.4K | +20.9% |
| Manchester | $300K | $359.9K | +20.0% |
Housing Supply in Manchester, MI
How many homes are available in Manchester, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Summary: The Manchester real estate market had 32 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 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 decreased by 40%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 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. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Manchester in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 33 Days | -59.6% |
Summary: Homes in Manchester had an average of 33 days on market in Nov 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Manchester has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Manchester; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
