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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manheim Township is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Manheim Township has remained a Seller's Market.

Key Takeaway

Manheim Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Manheim Township, PA cost?

Median Sold Price

$343,333

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$18,571(+5.7%)

Key Takeaway

Homes in Manheim Township have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $130K$157K
+20.8%
2 $173K$192.5K
+11.3%
3 $275.5K$296K
+7.4%
4 $407K$438.5K
+7.7%
5+ $635K$750K
+18.1%

Median Sold Price Compared To Nearby Cities

East Petersburg
+13.5%
Lancaster
+11.1%
Lancaster Township
+7.3%
East Hempfield Township
+6.1%
Manheim Township
+5.7%

How many homes are available in Manheim Township, PA?

Number of Homes For Sale

Jul 2022Aug 2022%
90124+37.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 13
+200.0%
2 511
+120.0%
3 2638
+46.2%
4 4862
+29.2%
5+ 1010
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
349+1533.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manheim Township, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
17 Days11 Days-32.2%

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manheim Township 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 Township, PA

There are 124 homes are for sale in Manheim Township, PA real estate market. In August 2022 in Manheim Township, PA there were 37.8% more homes for sale than in July 2022. The median list price of listings available in August 2022 was $343,333, while the average time on the real estate market was 11 days. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties prices increased by 20.8%, prices of 2 bedrooms properties increased by 11.3%, 3 bedrooms properties became 7.4% more expensive, 4 bedrooms properties prices increased by 7.7%, 5 bedrooms properties became 18.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 200%, volume of 2 bedrooms homes went up by 120%, number of 3 bedrooms homes increased by 46.2%, 4 bedrooms homes inventory increased by 29.2%, volume of 5 bedrooms homes stayed the same. Manheim Township, PA housing market in August 2022 saw over 23 listings sold above listed price, more than 14 sold at listed price and over 12 sold below.

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