Is Manchester Square, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manchester Square is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Manchester Square, CA

How much do homes in Manchester Square, CA cost?

Median Sold Price

$748,750

$498/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$8,750(+1.2%)

Key Takeaway

Homes in Manchester Square have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Manchester Square was $748,750 in April 2024, up 1.2% from last year, and the median price per square foot was $498.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $675K-
N/A
2 $698K$620K
-11.2%
3 $720K$770K
+6.9%
4 $785K$937.5K
+19.4%
5+ $916.8K$995.7K
+8.6%

Summary: Manchester Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Neighborhoods

Manchester Square
+1.2%
Chesterfield Square
0.0%
Harvard Park
-7.2%

Housing Supply in Manchester Square, CA

How many homes are available in Manchester Square, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2726-3.7%

Summary: The Manchester Square real estate market had 26 homes for sale in April 2024, a 3.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1414
0.0%
4 63
-50.0%
5+ 34
+33.3%

Summary: The Manchester Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manchester Square, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Manchester Square in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Manchester Square, CA

How long does it take to sell a home in Manchester Square, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
25 Days50 Days+97.6%

Summary: Homes in Manchester Square had an average of 50 days on market in Apr 2024, up by 97.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 5 homes were sold in Manchester Square; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 10 Days Ago

Newest Listings in Manchester Square, CA

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