Is Manheim Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Manheim Township was a Buyer's Market.
Key Takeaway
Manheim Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manheim Township, PA
How much do homes in Manheim Township, PA cost?
Median Sold Price
$311,250
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manheim Township have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Manheim Township was $311,250 in March 2024, down 7.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $184.9K | $250.7K | +35.6% |
| 3 Bedrooms | $280.5K | $290K | +3.4% |
| 4 Bedrooms | $415K | $432.5K | +4.2% |
| 5+ Bedrooms | $574K | $480K | -16.4% |
Summary: Manheim Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Heidelberg Township | $308K | $340K | +10.4% |
| North Codorus Township | $282.4K | $295K | +4.4% |
| Manheim Township | $335K | $311.2K | -7.1% |
| Glenville | $388K | $305K | -21.4% |
Housing Supply in Manheim Township, PA
How many homes are available in Manheim Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The Manheim Township real estate market had 66 homes for sale in March 2024, a 1.5% increase 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Manheim 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manheim Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Manheim Township in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -24.9% |
Summary: Homes in Manheim Township had an average of 20 days on market in Mar 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manheim Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Manheim Township; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
