Is Manitowoc, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$200,750
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Manitowoc have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Manitowoc was $200,750 in June 2024, up 4.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115.5K | $106K | -8.2% |
| 2 Bedrooms | $149.9K | $182.5K | +21.7% |
| 3 Bedrooms | $195K | $206K | +5.6% |
| 4 Bedrooms | $242K | $230K | -5.0% |
| 5+ Bedrooms | $375.7K | $220K | -41.5% |
Summary: Manitowoc housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 41.5%.
Median Sold Price Compared To Nearby Cities
| Manitowoc Rapids | $330K | $391K | +18.5% |
| Manitowoc | $192.8K | $200.7K | +4.1% |
| Two Rivers | $165K | $165.3K | 0.2% |
Housing Supply in Manitowoc, WI
How many homes are available in Manitowoc, WI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 118 | 128 | +8.5% |
Summary: The Manitowoc real estate market had 128 homes for sale in June 2024, a 8.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 26 | +62.5% |
| 3 Bedrooms | 57 | 58 | +1.8% |
| 4 Bedrooms | 37 | 37 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Manitowoc housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manitowoc, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Manitowoc in June 2024, down by 16.7% month-over-month. Of the 30 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Manitowoc, WI
We’re sorry, we don't have information for this market at the moment
