$6,294 Closing Credit*
$530,000
2,086 SqFt
3 Beds
•2 Full Baths
Calvin Yoder, Listing Office: Keller Williams Elite
Is Manheim, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, PA
How much do homes in Manheim, PA cost?
Median Sold Price
$325,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+8.0%)
Key Takeaway
Homes in Manheim have sold for 8% more than they did a year ago.
Summary: The median home sold price in Manheim was $325,000 in November 2024, up 8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $246K | $278K | +13.0% |
| 3 Bedrooms | $285K | $310.5K | +8.9% |
| 4 Bedrooms | $430K | $417.5K | -2.9% |
| 5+ Bedrooms | $440K | $390K | -11.4% |
Summary: Manheim 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 13%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Manheim | $301K | $325K | +8.0% |
| Rapho Township | $379.9K | $370K | -2.6% |
| Penn Township | $340K | $329K | -3.2% |
Housing Supply in Manheim, PA
How many homes are available in Manheim, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Manheim real estate market had 28 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Manheim 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 increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manheim, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Manheim in November 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for Manheim, PA
How long does it take to sell a home in Manheim, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 25 Days | +100.5% |
Summary: Homes in Manheim had an average of 25 days on market in Nov 2024, up by 100.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manheim are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Manheim; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
