Is Manchester Township, NC 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 Township has remained a Seller's Market.
Key Takeaway
Manchester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manchester Township, NC
How much do homes in Manchester Township, NC cost?
Median Sold Price
$175,200
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Manchester Township have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Manchester Township was $175,200 in May 2024, up 16.8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $74.5K | +6.4% |
| 3 Bedrooms | $150K | $174.9K | +16.6% |
| 4 Bedrooms | $167.4K | $236.7K | +41.4% |
| 5+ Bedrooms | $236K | $244.5K | +3.6% |
Summary: Manchester Township 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 6.4%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Manchester Township | $150K | $175.2K | +16.8% |
| Spring Lake | $290K | $299.9K | +3.4% |
| Spring Lake | $293.4K | $299.9K | +2.2% |
Housing Supply in Manchester Township, NC
How many homes are available in Manchester Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Manchester Township real estate market had 33 homes for sale in May 2024, a 6.5% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Manchester Township 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester Township, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Manchester Township in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 58% were sold at asking, and 25% were sold over asking.
Days on Market for Manchester Township, NC
How long does it take to sell a home in Manchester Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 14 Days | -64.3% |
Summary: Homes in Manchester Township had an average of 14 days on market in May 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manchester Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Manchester Township; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.