$2,613 Closing Credit*
$220,000
3 Beds
•1 Full Bath, 2 Partial
Listing Office: Realty Executives of St. Louis
Is Manchester, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MO
How much do homes in Manchester, MO cost?
Median Sold Price
$360,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,000(+9.8%)
Key Takeaway
Homes in Manchester have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Manchester was $360,000 in October 2024, up 9.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $204K | N/A |
| 2 Bedrooms | $240K | $235K | -2.1% |
| 3 Bedrooms | $314.9K | $340K | +8.0% |
| 4 Bedrooms | $412K | $442K | +7.3% |
| 5+ Bedrooms | $438.7K | $457.1K | +4.2% |
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 decreased by 2.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Manchester | $328K | $360K | +9.8% |
| Winchester | $205K | $225K | +9.8% |
| Queeny Township | $315K | $329.8K | +4.7% |
| Valley Park | $258.5K | $247K | -4.4% |
Housing Supply in Manchester, MO
How many homes are available in Manchester, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 53 | +1.9% |
Summary: The Manchester real estate market had 53 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
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 18.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Manchester in October 2024, up by 41.2% month-over-month. Of the 24 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Manchester, MO
How long does it take to sell a home in Manchester, MO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 13 Days | -12.9% |
Summary: Homes in Manchester had an average of 13 days on market in Oct 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 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 October 2024, 24 homes were sold in Manchester; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.