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

Housing Market Conditions



Gauge showing Manchester is a seller's market


Difference Since August 2022

Since last year, Manchester has remained a Seller's Market.

Key Takeaway

Manchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Manchester, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Manchester have sold for 18.4% more than they did a year ago.

Summary: The median home sold price in Manchester was $450,000 in August 2023, up 18.4% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
2 $390K$400K
3 $335K$350K
4 $400K$522.5K
5+ $635K$595K

Summary: Manchester housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes decreased by 6.3%.

Housing Supply

How many homes are available in Manchester, MD?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Manchester real estate market had 34 homes for sale in August 2023, a 8.1% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 21
3 1311
4 1715
5+ 57

Summary: The Manchester housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Manchester in August 2023, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market

How long does it take to sell a home in Manchester, MD?

Average Sale Time

Aug 2022Aug 2023CHANGE
27 Days27 Days0.0%

Summary: Homes in Manchester had an average of 27 days on market in Aug 2023, the same as last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 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.

Summary: During August 2023, 8 homes were sold in Manchester; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

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