Is Manchester Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Manchester Township has remained a Seller's Market.
Key Takeaway
Manchester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Manchester Township, MI cost?
Median Sold Price
$269,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
-$10,750(-3.8%)
Key Takeaway
Homes in Manchester Township have sold for 3.8% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $163.9K | $160K | -2.4% |
| 3 Bedrooms | $269.9K | $267.9K | -0.7% |
| 4 Bedrooms | $293K | $349.9K | +19.4% |
| 5+ Bedrooms | $410K | $450K | +9.8% |
Median Sold Price Compared To Nearby Cities
| Bridgewater Township | $302.5K | $383K | +26.6% |
| Tipton | $250K | $305.5K | +22.2% |
| Franklin Township | $372.5K | $369K | -0.9% |
| Manchester Township | $279.7K | $269K | -3.8% |
| Manchester | $259.2K | $235K | -9.4% |
How many homes are available in Manchester Township, MI?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 26 | 25 | -3.8% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
