Is Manhattan Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Manhattan Township was a Seller's Market.
Housing Prices in Manhattan Township, IL
How much do homes in Manhattan Township, IL cost?
Median Sold Price
$370,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Manhattan Township was $370,500 in March 2024, up 17.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $220.5K | $254K | +15.2% |
3 Bedrooms | $274.9K | $305K | +10.9% |
4 Bedrooms | $408.1K | $430K | +5.4% |
5+ Bedrooms | $517.5K | $550K | +6.3% |
Summary: Manhattan Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Manhattan | $298.6K | $368K | +23.2% |
Manhattan Township | $315K | $370.5K | +17.6% |
New Lenox Township | $355.5K | $395K | +11.1% |
New Lenox | $360K | $395K | +9.7% |
Housing Supply in Manhattan Township, IL
How many homes are available in Manhattan Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 50 | +2.0% |
Summary: The Manhattan Township real estate market had 50 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 10 | -33.3% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Manhattan Township 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 decreased by 33.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 8 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Manhattan Township in March 2024, down by 50.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Manhattan Township, IL
How long does it take to sell a home in Manhattan Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 20 Days | -37.8% |
Summary: Homes in Manhattan Township had an average of 20 days on market in Mar 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Manhattan Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.