Is Manchester Township, PA 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.
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, PA
How much do homes in Manchester Township, PA cost?
Median Sold Price
$260,651
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manchester Township have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Manchester Township was $260,651 in March 2024, down 3.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $150K | +71.4% |
| 2 Bedrooms | $185K | $195K | +5.4% |
| 3 Bedrooms | $220K | $225K | +2.3% |
| 4 Bedrooms | $398.7K | $412.5K | +3.4% |
| 5+ Bedrooms | $571.6K | $517.5K | -9.5% |
Summary: Manchester Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.4%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| York | $175.1K | $234.6K | +33.9% |
| Spring Garden Township | $234.9K | $269.9K | +14.9% |
| Springettsbury Township | $255K | $263.8K | +3.5% |
| Manchester Township | $270K | $260.6K | -3.5% |
Housing Supply in Manchester Township, PA
How many homes are available in Manchester Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 127 | 117 | -7.9% |
Summary: The Manchester Township real estate market had 117 homes for sale in March 2024, a 7.9% decrease 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 | 13 | 10 | -23.1% |
| 3 Bedrooms | 49 | 44 | -10.2% |
| 4 Bedrooms | 48 | 50 | +4.2% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
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 decreased by 23.1%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 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. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Manchester Township in March 2024, down by 16.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for Manchester Township, PA
How long does it take to sell a home in Manchester Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 28 Days | -52.7% |
Summary: Homes in Manchester Township had an average of 28 days on market in Mar 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were 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 March 2024, 21 homes were sold in Manchester Township; 57% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
