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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Manheim Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, South Manheim Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Manheim Township, PA

How much do homes in South Manheim Township, PA cost?

Median Sold Price

$420,000

$146/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$125,000(-22.9%)

Key Takeaway

Homes in South Manheim Township have sold for 22.9% less than they did a month ago.

Summary: The median home sold price in South Manheim Township was $420,000 in December 2024, down 22.9% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $310K$420K
+35.5%
4 $780K-
N/A
5+ --
N/A

Summary: South Manheim Township housing prices by bedroom type for December 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 increased by 35.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Brunswick Township
+57.1%
Auburn
+16.2%
South Manheim Township
-22.9%

Housing Supply in South Manheim Township, PA

How many homes are available in South Manheim Township, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
990.0%

Summary: The South Manheim Township real estate market had 9 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 76
-14.3%
4 11
0.0%
5+ 01
+100.0%

Summary: The South Manheim Township 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 decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 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 South Manheim Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in South Manheim Township in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for South Manheim Township, PA

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

Average Sale Time

Nov 2024Dec 2024CHANGE
110 Days20 Days-81.8%

Summary: Homes in South Manheim Township had an average of 20 days on market in Dec 2024, down by 81.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in South Manheim Township; 67% of homes were sold within 30 days, 33% 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 4 Days Ago

Newest Listings in South Manheim Township, PA

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