Is Manchester, MA 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, Manchester was a Seller's Market.
Key Takeaway
Manchester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manchester, MA
How much do homes in Manchester, MA cost?
Median Sold Price
$1,280,000
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manchester have sold for 34.4% more than they did a year ago.
Summary: The median home sold price in Manchester was $1,280,000 in March 2024, up 34.4% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $389.5K | +21.7% |
| 2 Bedrooms | $527.5K | - | N/A |
| 3 Bedrooms | $823K | $1.2M | +53.1% |
| 4 Bedrooms | $1.5M | $1.2M | -19.7% |
| 5+ Bedrooms | $2.0M | $4.8M | +134.3% |
Summary: Manchester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 53.1%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 134.3%.
Median Sold Price Compared To Nearby Cities
| Manchester | $952.5K | $1.2M | +34.4% |
| Manchester-by-the-Sea | $952.5K | $1.2M | +32.3% |
| Essex | $755K | $837.5K | +10.9% |
| Beverly | $620K | $680K | +9.7% |
| Gloucester | $637.5K | $617.5K | -3.1% |
Housing Supply in Manchester, MA
How many homes are available in Manchester, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Manchester real estate market had 16 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Manchester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Manchester in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Manchester, MA
How long does it take to sell a home in Manchester, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 11 Days | -46.1% |
Summary: Homes in Manchester had an average of 11 days on market in Mar 2024, down by 46.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manchester are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Manchester; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
