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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Manchester Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Manchester Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Manchester Township, PA

How much do homes in West Manchester Township, PA cost?

Median Sold Price

$250,375

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,425(+4.3%)

Key Takeaway

Homes in West Manchester Township have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in West Manchester Township was $250,375 in October 2024, up 4.3% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $117.5K-
N/A
2 $180K$200K
+11.1%
3 $235K$246K
+4.7%
4 $356.2K$374.9K
+5.2%
5+ $400K$431.9K
+8.0%

Summary: West 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 increased by 11.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

West York
+5.1%
West Manchester Township
+4.3%
York
0.1%
Spring Garden Township
-1.9%

Housing Supply in West Manchester Township, PA

How many homes are available in West Manchester Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6169+13.1%

Summary: The West Manchester Township real estate market had 69 homes for sale in October 2024, a 13.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1213
+8.3%
3 3334
+3.0%
4 1521
+40.0%
5+ 11
0.0%

Summary: The West 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 increased by 8.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1924+26.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Manchester Township, expect to pay close to the asking price. 45.8% of homes here sold near the asking price last month.

Summary: A total of 24 homes were sold or pending in West Manchester Township in October 2024, up by 26.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 46% were sold at asking, and 17% were sold over asking.

Days on Market for West Manchester Township, PA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days35 Days+13.2%

Summary: Homes in West Manchester Township had an average of 35 days on market in Oct 2024, up by 13.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 24 homes were sold in West Manchester Township; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% 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 West Manchester Township, PA

Nearby Markets to West Manchester Township, PA

What housing markets are near West Manchester Township, PA?