$1,602 Closing Credit*
$134,900
2,580 SqFt
3 Beds
•2 Full Baths
WALTER (BRAD) WOODDELL, Listing Office: LIVE OAK REAL ESTATE #2
Is Manchester Township, NC 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 Township was a Seller's Market.
Key Takeaway
Manchester Township 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 Township, NC
How much do homes in Manchester Township, NC cost?
Median Sold Price
$189,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,500(+16.3%)
Key Takeaway
Homes in Manchester Township have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Manchester Township was $189,000 in October 2024, up 16.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $66.5K | $153K | +130.1% |
| 3 Bedrooms | $165K | $179.9K | +9.1% |
| 4 Bedrooms | $155K | $245.7K | +58.5% |
| 5+ Bedrooms | $330K | $218.5K | -33.8% |
Summary: Manchester Township 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 increased by 130.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 58.5%, and 5+ bedroom homes decreased by 33.8%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $162.5K | $189K | +16.3% |
| Spring Lake | $300K | $305K | +1.7% |
| Spring Lake | $299.3K | $300.1K | 0.3% |
Housing Supply in Manchester Township, NC
How many homes are available in Manchester Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Manchester Township real estate market had 19 homes for sale in October 2024, a 17.4% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Manchester Township 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 decreased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Manchester Township in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Manchester Township, NC
How long does it take to sell a home in Manchester Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 84 Days | +18.9% |
Summary: Homes in Manchester Township had an average of 84 days on market in Oct 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Manchester Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Manchester Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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