Is Manitowoc, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manitowoc is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Manitowoc, WI

How much do homes in Manitowoc, WI cost?

Median Sold Price

$200,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,750(+5.1%)

Key Takeaway

Homes in Manitowoc have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Manitowoc was $200,000 in May 2024, up 5.1% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $115.5K$106K
-8.2%
2 $147K$175K
+19.0%
3 $194.5K$205.5K
+5.6%
4 $242.4K$221.9K
-8.5%
5+ $376.3K$220K
-41.5%

Summary: Manitowoc housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 41.5%.

Median Sold Price Compared To Nearby Cities

Two Rivers
+9.7%
Manitowoc
+5.1%
Newton
-11.6%

Housing Supply in Manitowoc, WI

How many homes are available in Manitowoc, WI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
87118+35.6%

Summary: The Manitowoc real estate market had 118 homes for sale in May 2024, a 35.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1116
+45.5%
3 4356
+30.2%
4 2338
+65.2%
5+ 108
-20.0%

Summary: The Manitowoc housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 30.2%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2334+47.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manitowoc, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in Manitowoc in May 2024, up by 47.8% month-over-month. Of the 34 sold homes, 12% were sold under asking, 24% were sold at asking, and 65% were sold over asking.

Days on Market for Manitowoc, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 23 Days Ago

Newest Listings in Manitowoc, WI

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