Is Manchester-by-the-Sea, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Manchester-by-the-Sea was a Buyer's Market.
Key Takeaway
Manchester-by-the-Sea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manchester-by-the-Sea, MA
How much do homes in Manchester-by-the-Sea, MA cost?
Median Sold Price
$1,280,000
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manchester-by-the-Sea have sold for 40.3% more than they did a year ago.
Summary: The median home sold price in Manchester-by-the-Sea was $1,280,000 in April 2024, up 40.3% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $389.5K | +21.7% |
| 2 Bedrooms | $527.5K | - | N/A |
| 3 Bedrooms | $806K | $1.2M | +58.8% |
| 4 Bedrooms | $1.5M | $1.2M | -22.8% |
| 5+ Bedrooms | $2.0M | $3.8M | +84.5% |
Summary: Manchester-by-the-Sea housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 58.8%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes increased by 84.5%.
Median Sold Price Compared To Nearby Cities
| Manchester | $912.5K | $1.3M | +42.5% |
| Manchester-by-the-Sea | $912.5K | $1.2M | +40.3% |
| Essex | $725K | $800K | +10.3% |
| Beverly | $620K | $676.3K | +9.1% |
| Gloucester | $625K | $615K | -1.6% |
Housing Supply in Manchester-by-the-Sea, MA
How many homes are available in Manchester-by-the-Sea, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The Manchester-by-the-Sea real estate market had 14 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Manchester-by-the-Sea housing inventory by bedroom type for April 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester-by-the-Sea, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Manchester-by-the-Sea in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Manchester-by-the-Sea, MA
How long does it take to sell a home in Manchester-by-the-Sea, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 119 Days | 50 Days | -57.6% |
Summary: Homes in Manchester-by-the-Sea had an average of 50 days on market in Apr 2024, down by 57.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manchester-by-the-Sea are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Manchester-by-the-Sea; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
