Is Manchester-by-the-Sea, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manchester-by-the-Sea is a neutral's market

Buyer's
Market

Difference Since November 2021

Since last year, Manchester-by-the-Sea has remained a Neutral Market.

Key Takeaway

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

How many homes are available in Manchester-by-the-Sea, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
2218-18.2%

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+ 53
-40.0%

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-by-the-Sea, 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-by-the-Sea 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-by-the-Sea, MA

Manchester-by-the-Sea, MA has 18 homes for sale to choose from. The inventory of homes for sale in Manchester-by-the-Sea, MA between October 2022 and November 2022 decreased by 18.2%. In November 2022, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $1,075,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties decreased by 22.2%, the cost of 2 bedrooms properties went up by 24.4%, 3 bedrooms properties prices decreased by 1.7%, 4 bedrooms properties prices increased by 15.8%, prices of 5 bedrooms properties went up by 22.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 25%, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes went down by 40%. In November 2022 more than 2 listings in Manchester-by-the-Sea, MA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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