Is Manchester Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Manchester Township has remained a Seller's Market.
Housing Prices in Manchester Township, MI
How much do homes in Manchester Township, MI cost?
Median Sold Price
$324,900
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Manchester Township was $324,900 in March 2024, up 11.6% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $160.5K | 0.3% |
3 Bedrooms | $299.9K | $324.9K | +8.3% |
4 Bedrooms | $371K | $354.9K | -4.3% |
5+ Bedrooms | $397.5K | $362.5K | -8.8% |
Summary: Manchester Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
Manchester | $278.5K | $330K | +18.5% |
Franklin Township | $418.5K | $483K | +15.4% |
Manchester Township | $291K | $324.9K | +11.6% |
Tipton | $300K | $318K | +6.0% |
Housing Supply in Manchester Township, MI
How many homes are available in Manchester Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 26 | +52.9% |
Summary: The Manchester Township real estate market had 26 homes for sale in March 2024, a 52.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Manchester Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Manchester Township in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Manchester Township, MI
How long does it take to sell a home in Manchester Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 52 Days | -27.3% |
Summary: Homes in Manchester Township had an average of 52 days on market in Mar 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Manchester Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.