Is Manchester, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Manchester has remained a Seller's Market.
Housing Prices in Manchester, MO
How much do homes in Manchester, MO cost?
Median Sold Price
$350,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Manchester was $350,000 in May 2024, up 9.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $204K | N/A |
2 Bedrooms | $226K | $235K | +4.0% |
3 Bedrooms | $296.5K | $337.5K | +13.8% |
4 Bedrooms | $405.3K | $415K | +2.4% |
5+ Bedrooms | $505K | $430K | -14.9% |
Summary: Manchester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
Winchester | $196.5K | $220K | +12.0% |
Queeny Township | $296.5K | $328.7K | +10.9% |
Manchester | $320K | $350K | +9.4% |
Valley Park | $256K | $265K | +3.5% |
Housing Supply in Manchester, MO
How many homes are available in Manchester, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 53 | +15.2% |
Summary: The Manchester real estate market had 53 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 24 | 19 | -20.8% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Manchester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Manchester in May 2024, up by 37.5% month-over-month. Of the 22 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for Manchester, MO
How long does it take to sell a home in Manchester, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 7 Days | -51.7% |
Summary: Homes in Manchester had an average of 7 days on market in May 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Manchester; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.