Is Manhattan Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manhattan Township has remained a Seller's Market.
Housing Prices in Manhattan Township, IL
How much do homes in Manhattan Township, IL cost?
Median Sold Price
$365,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manhattan Township was $365,000 in April 2024, up 14.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $224K | $255K | +13.9% |
3 Bedrooms | $276K | $305K | +10.5% |
4 Bedrooms | $421.6K | $425K | +0.8% |
5+ Bedrooms | $517.5K | $550K | +6.3% |
Summary: Manhattan Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Manhattan | $302.7K | $365K | +20.6% |
Manhattan Township | $318K | $365K | +14.8% |
New Lenox Township | $359.7K | $394.8K | +9.8% |
New Lenox | $361.1K | $396.2K | +9.7% |
Housing Supply in Manhattan Township, IL
How many homes are available in Manhattan Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 54 | +12.5% |
Summary: The Manhattan Township real estate market had 54 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 6 | -40.0% |
3 Bedrooms | 11 | 17 | +54.5% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Manhattan Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Manhattan Township in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 36 Days | +27.4% |
Summary: Homes in Manhattan Township had an average of 36 days on market in Apr 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Manhattan Township; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.