Is Manchester, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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.
How much do homes in Manchester, MI cost?
Median Sold Price
$235,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
-$25,000(-9.6%)
Key Takeaway
Homes in Manchester have sold for 9.6% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.9K | $155.7K | +7.5% |
| 3 Bedrooms | $258.5K | $238.5K | -7.8% |
| 4 Bedrooms | $274.9K | $309.9K | +12.7% |
| 5+ Bedrooms | $295K | $452.5K | +53.4% |
Median Sold Price Compared To Nearby Cities
| Manchester Township | $278.5K | $269.5K | -3.3% |
| Manchester | $260K | $235K | -9.6% |
How many homes are available in Manchester, MI?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 18 | 22 | +22.2% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
