Is Manteca, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manteca is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Manteca was a Seller's Market.

Key Takeaway

Manteca is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Manteca, CA

How much do homes in Manteca, CA cost?

Median Sold Price

$652,037

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,537(+3.1%)

Key Takeaway

Homes in Manteca have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Manteca was $652,037 in May 2024, up 3.1% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $515K$495K
-3.9%
3 $575K$550K
-4.3%
4 $679.1K$692.3K
+1.9%
5+ $780K$810K
+3.8%

Summary: Manteca 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 decreased by 3.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 3.8%.

Housing Supply in Manteca, CA

How many homes are available in Manteca, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6264+3.2%

Summary: The Manteca real estate market had 64 homes for sale in May 2024, a 3.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 1822
+22.2%
4 3228
-12.5%
5+ 45
+25.0%

Summary: The Manteca 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 12.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manteca, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Manteca in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.

Days on Market for Manteca, CA

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

Average Sale Time

May 2023May 2024CHANGE
44 Days11 Days-73.5%

Summary: Homes in Manteca had an average of 11 days on market in May 2024, down by 73.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 10 homes were sold in Manteca; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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