Is Manlius, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manlius is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Manlius has remained a Seller's Market.

Key Takeaway

Manlius is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Manlius, NY

How much do homes in Manlius, NY cost?

Median Sold Price

$395,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,500(-1.4%)

Key Takeaway

Homes in Manlius have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Manlius was $395,000 in November 2024, down 1.4% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$250K
N/A
2 $212K$271.2K
+27.9%
3 $295K$291K
-1.4%
4 $448K$440K
-1.8%
5+ $576.2K$479.9K
-16.7%

Summary: Manlius housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 16.7%.

Housing Supply in Manlius, NY

How many homes are available in Manlius, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7263-12.5%

Summary: The Manlius real estate market had 63 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1411
-21.4%
3 1516
+6.7%
4 3526
-25.7%
5+ 810
+25.0%

Summary: The Manlius 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 21.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2212-45.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manlius, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Manlius in November 2024, down by 45.5% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% were sold over asking.

Days on Market for Manlius, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days12 Days-54.4%

Summary: Homes in Manlius had an average of 12 days on market in Nov 2024, down by 54.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Manlius; 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.

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

Report Updated 20 Days Ago

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