Is Manitowoc, WI 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, 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
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manitowoc have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Manitowoc was $200,000 in March 2024, up 9.9% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115.5K | $106K | -8.2% |
| 2 Bedrooms | $148.7K | $164K | +10.3% |
| 3 Bedrooms | $190K | $205K | +7.9% |
| 4 Bedrooms | $218.7K | $224.5K | +2.6% |
| 5+ Bedrooms | $365.8K | $220K | -39.9% |
Summary: Manitowoc housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 39.9%.
Median Sold Price Compared To Nearby Cities
| Manitowoc | $182K | $200K | +9.9% |
| Two Rivers | $155K | $170K | +9.7% |
Housing Supply in Manitowoc, WI
How many homes are available in Manitowoc, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 92 | +15.0% |
Summary: The Manitowoc real estate market had 92 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 44 | 46 | +4.5% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Manitowoc 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 62.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 30 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manitowoc, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Manitowoc in March 2024, up by 100.0% month-over-month. Of the 30 sold homes, 23% were sold under asking, 27% were sold at asking, and 50% were sold over asking.
Days on Market for Manitowoc, WI
We’re sorry, we don't have information for this market at the moment
