Is South 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
Since last year, South Manheim Township has remained a Buyer's Market.
Key Takeaway
South Manheim Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Manheim Township, PA
How much do homes in South Manheim Township, PA cost?
Median Sold Price
$303,250
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Manheim Township have sold for 18.6% less than they did a year ago.
Summary: The median home sold price in South Manheim Township was $303,250 in March 2024, down 18.6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $252K | N/A |
| 3 Bedrooms | $297.3K | $268.9K | -9.6% |
| 4 Bedrooms | $406.5K | $540K | +32.8% |
| 5+ Bedrooms | $599K | $281.7K | -53.0% |
Summary: South 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 did not change, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 32.8%, and 5+ bedroom homes decreased by 53%.
Median Sold Price Compared To Nearby Cities
| West Brunswick Township | $237.5K | $215.4K | -9.3% |
| South Manheim Township | $372.5K | $303.2K | -18.6% |
Housing Supply in South Manheim Township, PA
How many homes are available in South Manheim Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 23 | +53.3% |
Summary: The South Manheim Township real estate market had 23 homes for sale in March 2024, a 53.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The South 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Manheim Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in South Manheim Township in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Manheim Township, PA
How long does it take to sell a home in South Manheim Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 7 Days | +16.7% |
Summary: Homes in South Manheim Township had an average of 7 days on market in Mar 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Manheim Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in South Manheim Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
