Is Manheim, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Manheim was a Buyer's Market.
Key Takeaway
Manheim is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manheim, NY
How much do homes in Manheim, NY cost?
Median Sold Price
$154,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Manheim have sold for 13% more than they did a year ago.
Summary: The median home sold price in Manheim was $154,500 in May 2024, up 13% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $108.1K | $125K | +15.6% |
| 3 Bedrooms | $139.9K | $149.7K | +7.0% |
| 4 Bedrooms | $113K | $160K | +41.6% |
| 5+ Bedrooms | $163.9K | $151.2K | -7.7% |
Summary: Manheim housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 41.6%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Manheim | $136.7K | $154.5K | +13.0% |
| Dolgeville | $138.3K | $154.5K | +11.7% |
| Dolgeville | $139.9K | $154.5K | +10.4% |
| Little Falls | $153.7K | $116.2K | -24.4% |
Housing Supply in Manheim, NY
How many homes are available in Manheim, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Manheim real estate market had 15 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Manheim 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manheim, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Manheim in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Manheim, NY
How long does it take to sell a home in Manheim, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 166 Days | +133.8% |
Summary: Homes in Manheim had an average of 166 days on market in May 2024, up by 133.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manheim are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Manheim; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.