Is Manchester, NY 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

Last month, Manchester was a Buyer'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, NY

How much do homes in Manchester, NY cost?

Median Sold Price

$202,500

$156/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$127,500(+170.0%)

Key Takeaway

Homes in Manchester have sold for 170% more than they did a month ago.

Summary: The median home sold price in Manchester was $202,500 in November 2024, up 170% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$202.5K
N/A
4 $75K-
N/A
5+ --
N/A

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

Housing Supply in Manchester, NY

How many homes are available in Manchester, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
82-75.0%

Summary: The Manchester real estate market had 2 homes for sale in November 2024, a 75.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 41
-75.0%
4 41
-75.0%
5+ 00
0.0%

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 remained the same, 3 bedroom homes decreased by 75%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Manchester in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Manchester, NY

How long does it take to sell a home in Manchester, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
28 Days7 Days-75.0%

Summary: Homes in Manchester had an average of 7 days on market in Nov 2024, down by 75% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manchester are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Manchester; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in Manchester, NY

Nearby Markets to Manchester, NY