Is Manchester, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Manchester has remained a Seller's Market.
Key Takeaway
Manchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manchester, CT
How much do homes in Manchester, CT cost?
Median Sold Price
$290,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manchester have sold for 10% more than they did a year ago.
Summary: The median home sold price in Manchester was $290,000 in March 2024, up 10% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $95K | +11.8% |
| 2 Bedrooms | $190K | $225K | +18.4% |
| 3 Bedrooms | $263.5K | $290.9K | +10.4% |
| 4 Bedrooms | $315K | $344.5K | +9.4% |
| 5+ Bedrooms | $300K | $375K | +25.0% |
Summary: Manchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Vernon Rockville | $250K | $279.9K | +12.0% |
| Vernon | $250K | $278.9K | +11.6% |
| South Windsor | $338.4K | $375K | +10.8% |
| Manchester | $263.6K | $290K | +10.0% |
| Bolton | $350.5K | $385K | +9.8% |
Housing Supply in Manchester, CT
How many homes are available in Manchester, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 116 | +7.4% |
Summary: The Manchester real estate market had 116 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 54 | 55 | +1.9% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Manchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you could pay more than the asking price. 80.6% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Manchester in March 2024, up by 9.1% month-over-month. Of the 36 sold homes, 17% were sold under asking, 3% were sold at asking, and 81% were sold over asking.
Days on Market for Manchester, CT
We’re sorry, we don't have information for this market at the moment
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