Is Manheim Township, 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 Township has remained a Seller's Market.
Housing Prices in Manheim Township, PA
How much do homes in Manheim Township, PA cost?
Median Sold Price
$375,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manheim Township was $375,500 in April 2024, up 6.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $193K | +2.9% |
2 Bedrooms | $253K | $250K | -1.2% |
3 Bedrooms | $307.9K | $341K | +10.8% |
4 Bedrooms | $475K | $512.5K | +7.9% |
5+ Bedrooms | $824.6K | $579K | -29.8% |
Summary: Manheim Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 29.8%.
Median Sold Price Compared To Nearby Cities
East Petersburg | $285.5K | $341.1K | +19.5% |
Lancaster | $266.2K | $310K | +16.4% |
Lancaster Township | $284.9K | $309.2K | +8.5% |
Manheim Township | $352.5K | $375.5K | +6.5% |
East Hempfield Township | $396.7K | $380K | -4.2% |
Housing Supply in Manheim Township, PA
How many homes are available in Manheim Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
125 | 142 | +13.6% |
Summary: The Manheim Township real estate market had 142 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 50 | 61 | +22.0% |
4 Bedrooms | 51 | 59 | +15.7% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Manheim Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 25 | -53.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Manheim Township in April 2024, down by 53.7% month-over-month. Of the 25 sold homes, 12% were sold under asking, 20% were sold at asking, and 68% were sold over asking.
Days on Market for Manheim Township, PA
How long does it take to sell a home in Manheim Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 15 Days | -19.4% |
Summary: Homes in Manheim Township had an average of 15 days on market in Apr 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Manheim Township; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.