$1,188 Closing Credit*
$100,000
3,926 SqFt
6 Beds
•3 Full Baths
Jennifer Conklin, Listing Office: Empire Homes & Commercial LLC
Is Manheim, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Manheim has remained a Seller's Market.
Key Takeaway
Manheim is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manheim, NY
How much do homes in Manheim, NY cost?
Median Sold Price
$157,500
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$12,500(+8.6%)
Key Takeaway
Homes in Manheim have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Manheim was $157,500 in December 2024, up 8.6% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $151.9K | N/A |
| 3 Bedrooms | $149.7K | $140.4K | -6.2% |
| 4 Bedrooms | $114.2K | $182K | +59.3% |
| 5+ Bedrooms | $128K | $160K | +25.0% |
Summary: Manheim housing prices by bedroom type for December 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 decreased by 6.2%, 4 bedroom homes increased by 59.3%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Oppenheim | $168K | $212.5K | +26.5% |
| Little Falls | $120.8K | $138.4K | +14.6% |
| Manheim | $145K | $157.5K | +8.6% |
| Dolgeville | $154.5K | $152.9K | -1.0% |
| Dolgeville | $154.5K | $151.9K | -1.7% |
Housing Supply in Manheim, NY
How many homes are available in Manheim, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Manheim real estate market had 11 homes for sale in December 2024, a 8.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Manheim housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Manheim, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Manheim in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Manheim, NY
How long does it take to sell a home in Manheim, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 239 Days | 13 Days | -94.6% |
Summary: Homes in Manheim had an average of 13 days on market in Dec 2024, down by 94.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manheim are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Manheim; 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.
