Is Manchester Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manchester Township is a buyer'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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Manchester Township, PA

How much do homes in Manchester Township, PA cost?

Median Sold Price

$259,900

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,649(+13.9%)

Key Takeaway

Homes in Manchester Township have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Manchester Township was $259,900 in October 2024, up 13.9% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K-
N/A
2 $170K$145.8K
-14.2%
3 $235K$225.2K
-4.1%
4 $279K$370K
+32.6%
5+ $285K$214.9K
-24.6%

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 decreased by 14.2%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes decreased by 24.6%.

Housing Supply in Manchester Township, PA

How many homes are available in Manchester Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2327+17.4%

Summary: The Manchester Township real estate market had 27 homes for sale in October 2024, a 17.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 812
+50.0%
4 1515
0.0%
5+ 00
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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manchester Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Manchester Township in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Manchester Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days14 Days+39.8%

Summary: Homes in Manchester Township had an average of 14 days on market in Oct 2024, up by 39.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Manchester Township; 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 20 Days Ago

Newest Listings in Manchester Township, PA

Nearby Markets to Manchester Township, PA

What housing markets are near Manchester Township, PA?