Is Manchester, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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.
Housing Prices in Manchester, NH
How much do homes in Manchester, NH cost?
Median Sold Price
$392,000
$274/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Manchester have sold for 6.2% more than they did a month ago.
Summary: The median home sold price in Manchester was $392,000 in March 2024, up 6.2% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $167K | -27.4% |
| 2 Bedrooms | $255K | $335.7K | +31.7% |
| 3 Bedrooms | $415K | $429K | +3.4% |
| 4 Bedrooms | $406.5K | $385K | -5.3% |
| 5+ Bedrooms | $300K | $389K | +29.7% |
Summary: Manchester housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 27.4%, 2 bedroom homes increased by 31.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Goffstown | $475K | $585K | +23.2% |
| Bedford | $592.4K | $676.3K | +14.2% |
| Manchester | $369K | $392K | +6.2% |
| Auburn | $512.4K | $535K | +4.4% |
Housing Supply in Manchester, NH
How many homes are available in Manchester, NH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 138 | 127 | -8.0% |
Summary: The Manchester real estate market had 127 homes for sale in March 2024, a 8.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 44 | 39 | -11.4% |
| 3 Bedrooms | 63 | 56 | -11.1% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Manchester 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 decreased by 11.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 56 | +12.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you could pay more than the asking price. 60.7% of homes here sold above asking price last month.
Summary: A total of 56 homes were sold or pending in Manchester in March 2024, up by 12.0% month-over-month. Of the 56 sold homes, 23% were sold under asking, 16% were sold at asking, and 61% were sold over asking.
Days on Market for Manchester, NH
How long does it take to sell a home in Manchester, NH?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 26 Days | +103.8% |
Summary: Homes in Manchester had an average of 26 days on market in Mar 2024, up by 103.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manchester are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 56 homes were sold in Manchester; 2% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.