Is Manchester-by-the-Sea, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Manchester-by-the-Sea was a Buyer's Market.
Housing Prices in Manchester-by-the-Sea, MA
How much do homes in Manchester-by-the-Sea, MA cost?
Median Sold Price
$1,260,000
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Manchester-by-the-Sea was $1,260,000 in February 2024, up 14.5% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $389.5K | +21.7% |
2 Bedrooms | $500K | $555K | +11.0% |
3 Bedrooms | $840K | $976K | +16.2% |
4 Bedrooms | $1.6M | $1.2M | -24.7% |
5+ Bedrooms | $2.0M | $4.8M | +130.5% |
Summary: Manchester-by-the-Sea housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 24.7%, and 5+ bedroom homes increased by 130.5%.
Median Sold Price Compared To Nearby Cities
Manchester-by-the-Sea | $1.1M | $1.2M | +14.5% |
Manchester | $1.1M | $1.2M | +14.5% |
Essex | $740K | $837.5K | +13.2% |
Beverly | $609.1K | $680K | +11.6% |
Gloucester | $625K | $620K | -0.8% |
Housing Supply in Manchester-by-the-Sea, MA
How many homes are available in Manchester-by-the-Sea, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The Manchester-by-the-Sea real estate market had 15 homes for sale in February 2024, a 11.8% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 5 | 2 | -60.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Manchester-by-the-Sea housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Manchester-by-the-Sea in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Manchester-by-the-Sea, MA
How long does it take to sell a home in Manchester-by-the-Sea, MA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
82 Days | 135 Days | +65.2% |
Summary: Homes in Manchester-by-the-Sea had an average of 135 days on market in Feb 2024, up by 65.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Manchester-by-the-Sea; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.