Is Manchester, MI 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 December 2020

At the same time last year, Manchester was a Seller's 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, MI cost?

Median Sold Price

$244,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$45,000(+22.6%)

Key Takeaway

Homes in Manchester have sold for 22.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $126K$130K
+3.2%
3 $217K$248K
+14.3%
4 $210.9K$265K
+25.6%
5+ $375K-
N/A

Median Sold Price Compared To Nearby Cities

Manchester
+22.6%
Manchester Township
+17.6%

How many homes are available in Manchester, MI?

Number of Homes For Sale

Nov 2021Dec 2021%
660.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 23
+50.0%
3 30
-100.0%
4 02
+100.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manchester, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
77 Days57 Days-26.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Manchester has remained consistent over time.

About Manchester, MI

Number of homes for sale in Manchester, MI real estate market have reached 6. The median list price of listings available in December 2021 was $244,000, while the average time on the real estate market was 57 days. Listing prices have changed in this real estate market between November 2021 and December 2021: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 3.2% more expensive, prices of 3 bedrooms properties went up by 14.3%, the cost of 4 bedrooms properties went up by 25.6%, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 50%, 3 bedrooms homes became 100% less available, 4 bedrooms homes inventory increased by 100%, number of 5 bedrooms homes remained the same. In December 2021 more than 0 listings in Manchester, MI 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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