$4,749 Closing Credit*
$399,900
1,758 SqFt
3 Beds
•2 Full Baths
Amanda Koziol, Listing Office: eXp Realty
Is Manchester, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Manchester was a Seller's Market.
Key Takeaway
Manchester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manchester, TN
How much do homes in Manchester, TN cost?
Median Sold Price
$325,350
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,850(+7.6%)
Key Takeaway
Homes in Manchester have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Manchester was $325,350 in November 2024, up 7.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232.4K | $200.5K | -13.7% |
| 3 Bedrooms | $299.9K | $321.9K | +7.3% |
| 4 Bedrooms | $413.7K | $373.7K | -9.7% |
| 5+ Bedrooms | $350K | $425K | +21.4% |
Summary: Manchester 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 decreased by 13.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in Manchester, TN
How many homes are available in Manchester, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 190 | 183 | -3.7% |
Summary: The Manchester real estate market had 183 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 154 | 151 | -1.9% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Manchester 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 28.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 16 | -52.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, expect to pay close to the asking price. 53.3% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Manchester in November 2024, down by 52.9% month-over-month. Of the 15 sold homes, 40% were sold under asking, 53% were sold at asking, and 7% were sold over asking.
Days on Market for Manchester, TN
How long does it take to sell a home in Manchester, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 63 Days | +74.7% |
Summary: Homes in Manchester had an average of 63 days on market in Nov 2024, up by 74.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Manchester has remained consistent over time.
Summary: During November 2024, 16 homes were sold in Manchester; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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