Is Manhattan, IL 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, Manhattan has remained a Seller's Market.
Housing Prices in Manhattan, IL
How much do homes in Manhattan, IL cost?
Median Sold Price
$364,950
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Manhattan was $364,950 in June 2024, up 10.6% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $216.5K | $255K | +17.8% |
3 Bedrooms | $271K | $299.9K | +10.7% |
4 Bedrooms | $421.6K | $425.9K | +1.0% |
5+ Bedrooms | $515K | $550K | +6.8% |
Summary: Manhattan 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 17.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Manhattan | $330K | $364.9K | +10.6% |
Manhattan Township | $340K | $364.9K | +7.3% |
Housing Supply in Manhattan, IL
How many homes are available in Manhattan, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
51 | 58 | +13.7% |
Summary: The Manhattan real estate market had 58 homes for sale in June 2024, a 13.7% 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 | 8 | 10 | +25.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Manhattan 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 25%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Manhattan in June 2024, down by 29.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for Manhattan, IL
How long does it take to sell a home in Manhattan, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 35 Days | +112.8% |
Summary: Homes in Manhattan had an average of 35 days on market in Jun 2024, up by 112.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Manhattan; 42% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.