Is Manhattan Township, IL 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, Manhattan Township has remained a Seller's Market.
Housing Prices in Manhattan Township, IL
How much do homes in Manhattan Township, IL cost?
Median Sold Price
$364,950
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Manhattan Township was $364,950 in May 2024, up 13.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $220.2K | $257.5K | +16.9% |
3 Bedrooms | $275.4K | $299.9K | +8.9% |
4 Bedrooms | $429K | $425.5K | -0.8% |
5+ Bedrooms | $517.5K | $550K | +6.3% |
Summary: Manhattan 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 16.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Manhattan | $296.2K | $364.9K | +23.2% |
Manhattan Township | $321.5K | $364.9K | +13.5% |
New Lenox | $361.5K | $399.9K | +10.6% |
New Lenox Township | $361K | $395K | +9.4% |
Housing Supply in Manhattan Township, IL
How many homes are available in Manhattan Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 56 | +5.7% |
Summary: The Manhattan Township real estate market had 56 homes for sale in May 2024, a 5.7% 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 | 6 | 8 | +33.3% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Manhattan 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 increased by 33.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Manhattan Township in May 2024, up by 41.7% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for Manhattan Township, IL
How long does it take to sell a home in Manhattan Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 35 Days | -13.4% |
Summary: Homes in Manhattan Township had an average of 35 days on market in May 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Manhattan Township; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.