Is Manheim, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manheim is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Manheim, PA cost?

Median Sold Price

$234,875

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$12,375(+5.6%)

Key Takeaway

Homes in Manheim have sold for 5.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $212.5K$179.7K
-15.4%
3 $213.7K$235K
+10.0%
4 $225K$202.5K
-10.0%
5+ $275K$222.5K
-19.1%

Median Sold Price Compared To Nearby Cities

Rapho Township
+10.7%
Manheim
+5.6%
Penn Township
+4.9%

How many homes are available in Manheim, PA?

Number of Homes For Sale

Oct 2022Nov 2022%
1614-12.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 01
+100.0%
3 1210
-16.7%
4 43
-25.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
39+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manheim, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
5 Days21 Days+322.2%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manheim are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Manheim, PA

Number of homes for sale in Manheim, PA real estate market have reached 14. In November 2022 in Manheim, PA there were 12.5% less homes for sale than in October 2022. In November 2022 median list price was $234,875 and the average listing age was 21 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went down by 15.4%, prices of 3 bedrooms properties increased by 10%, 4 bedrooms properties prices decreased by 10%, 5 bedrooms properties became 19.1% more cheaper. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes became 100% more available, the quantity of 3 bedrooms homes went down by 16.7%, the quantity of 4 bedrooms homes went down by 25%, number of 5 bedrooms homes remained the same. In November 2022, from all listings sold in Manheim, PA there were more than 2 sold above asking price, over 4 sold below and more than 3 were sold right at the asked price.