Is Manteca, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Manteca has remained a Seller's Market.
Key Takeaway
Manteca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manteca, CA
How much do homes in Manteca, CA cost?
Median Sold Price
$655,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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 $655,000 in June 2024, up 3.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | $531K | +8.4% |
| 3 Bedrooms | $575K | $559K | -2.8% |
| 4 Bedrooms | $673.5K | $693.3K | +2.9% |
| 5+ Bedrooms | $730.8K | $815K | +11.5% |
Summary: Manteca housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in Manteca, CA
How many homes are available in Manteca, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 62 | 67 | +8.1% |
Summary: The Manteca real estate market had 67 homes for sale in June 2024, a 8.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 30 | 29 | -3.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Manteca housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manteca, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Manteca in June 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 24 Days | 22 Days | -9.5% |
Summary: Homes in Manteca had an average of 22 days on market in Jun 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manteca are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 13 homes were sold in Manteca; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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