$3,086 Closing Credit*
$259,900
1,300 SqFt
3 Beds
•2 Full Baths
#50155232, Jonathan Minerick, Listing Office: HomeCoin.com
Is Manchester Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
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.
Housing Prices in Manchester Township, MI
How much do homes in Manchester Township, MI cost?
Median Sold Price
$350,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$55,000(+18.6%)
Key Takeaway
Homes in Manchester Township have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in Manchester Township was $350,000 in August 2024, up 18.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $160K | -3.0% |
| 3 Bedrooms | $301K | $350K | +16.3% |
| 4 Bedrooms | $359.9K | $552.5K | +53.5% |
| 5+ Bedrooms | $496K | $466.2K | -6.0% |
Summary: Manchester Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Bridgewater Township | $350K | $450K | +28.6% |
| Manchester Township | $295K | $350K | +18.6% |
| Manchester | $299.9K | $350K | +16.7% |
| Tipton | $307.5K | $302.5K | -1.6% |
| Franklin Township | $555K | $537K | -3.2% |
Housing Supply in Manchester Township, MI
How many homes are available in Manchester Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Summary: The Manchester Township real estate market had 28 homes for sale in August 2024, a 15.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 15 | 9 | -40.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Manchester Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Manchester Township in August 2024, down by 64.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 41 Days | 67 Days | +63.4% |
Summary: Homes in Manchester Township had an average of 67 days on market in Aug 2024, up by 63.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manchester Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Manchester Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.