Is Manheim, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manheim has remained a Seller's Market.
Key Takeaway
Manheim is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manheim, PA
How much do homes in Manheim, PA cost?
Median Sold Price
$311,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manheim have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Manheim was $311,000 in April 2024, up 11.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $241K | 0.4% |
| 3 Bedrooms | $275K | $290K | +5.5% |
| 4 Bedrooms | $385K | $425K | +10.4% |
| 5+ Bedrooms | $307K | $395K | +28.7% |
Summary: Manheim housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 28.7%.
Median Sold Price Compared To Nearby Cities
| Manheim | $280K | $311K | +11.1% |
| Penn Township | $310.5K | $344K | +10.8% |
Housing Supply in Manheim, PA
How many homes are available in Manheim, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The Manheim real estate market had 36 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Manheim housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manheim, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Manheim in April 2024, down by 46.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Manheim, PA
How long does it take to sell a home in Manheim, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 21 Days | +379.1% |
Summary: Homes in Manheim had an average of 21 days on market in Apr 2024, up by 379.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manheim are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Manheim; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
