Is Manchester, NH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manchester is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, NH

How much do homes in Manchester, NH cost?

Median Sold Price

$430,000

$287/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$20,000(-4.4%)

Key Takeaway

Homes in Manchester have sold for 4.4% less than they did a month ago.

Summary: The median home sold price in Manchester was $430,000 in November 2024, down 4.4% from last month, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $169K$225K
+33.1%
2 $367.5K$305K
-17.0%
3 $480K$450K
-6.3%
4 $500K$500K
0.0%
5+ $485K$675K
+39.2%

Summary: Manchester housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 33.1%, 2 bedroom homes decreased by 17%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 39.2%.

Median Sold Price Compared To Nearby Cities

Auburn
+14.3%
Hooksett
+12.9%
Bedford
+11.9%
Manchester
-4.4%
Goffstown
-9.9%

Housing Supply in Manchester, NH

How many homes are available in Manchester, NH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
198191-3.5%

Summary: The Manchester real estate market had 191 homes for sale in November 2024, a 3.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 5551
-7.3%
3 9596
+1.1%
4 3831
-18.4%
5+ 58
+60.0%

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 7.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5179+54.9%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manchester, you could pay more than the asking price. 53.2% of homes here sold above asking price last month.

Summary: A total of 79 homes were sold or pending in Manchester in November 2024, up by 54.9% month-over-month. Of the 79 sold homes, 24% were sold under asking, 23% were sold at asking, and 53% were sold over asking.

Days on Market for Manchester, NH

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Manchester, NH

Nearby Markets to Manchester, NH

What housing markets are near Manchester, NH?