Is Manchester, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manchester is a neutral's market

Buyer's
Market

Difference Since November 2021

Since last year, Manchester has remained a Neutral Market.

Key Takeaway

Manchester is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Manchester, MA cost?

Median Sold Price

$1,075,000

$459/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$127,500(+13.5%)

Key Takeaway

Homes in Manchester have sold for 13.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $472.5K$367.5K
-22.2%
2 $430K$535K
+24.4%
3 $837.5K$823K
-1.7%
4 $1.2M$1.4M
+15.8%
5+ $1.7M$2.1M
+22.7%

Median Sold Price Compared To Nearby Cities

Manchester
+13.5%
Manchester-by-the-Sea
+13.5%
Gloucester
+12.4%
Beverly
+8.3%
Essex
-6.6%

How many homes are available in Manchester, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
2319-17.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 11
0.0%
3 86
-25.0%
4 77
0.0%
5+ 64
-33.3%

Number of Homes Sold

Oct 2022Nov 2022%
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manchester, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
47 Days20 Days-56.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manchester are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Manchester, MA

Manchester, MA has 19 homes for sale to choose from. The inventory of homes for sale in Manchester, MA between October 2022 and November 2022 decreased by 17.4%. In November 2022 median list price was $1,075,000 and the average listing age was 20 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 22.2%, the cost of 2 bedrooms properties went up by 24.4%, prices of 3 bedrooms properties went down by 1.7%, prices of 4 bedrooms properties went up by 15.8%, prices of 5 bedrooms properties increased by 22.7%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went down by 25%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory decreased by 33.3%. In November 2022, from all listings sold in Manchester, MA there were more than 2 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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