Is West Manheim Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Manheim Township has remained a Seller's Market.
Key Takeaway
West Manheim Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Manheim Township, PA
How much do homes in West Manheim Township, PA cost?
Median Sold Price
$358,240
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Manheim Township have sold for 22.5% more than they did a year ago.
Summary: The median home sold price in West Manheim Township was $358,240 in May 2024, up 22.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189.9K | $230K | +21.1% |
| 3 Bedrooms | $245K | $255K | +4.1% |
| 4 Bedrooms | $381.9K | $384.7K | +0.7% |
| 5+ Bedrooms | $429.9K | $420K | -2.3% |
Summary: West Manheim Township 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 21.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| West Manheim Township | $292.4K | $358.2K | +22.5% |
| Union Township | $350K | $377.4K | +7.8% |
| Penn Township | $265K | $274.9K | +3.7% |
| Manheim Township | $307K | $315K | +2.6% |
Housing Supply in West Manheim Township, PA
How many homes are available in West Manheim Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 71 | +20.3% |
Summary: The West Manheim Township real estate market had 71 homes for sale in May 2024, a 20.3% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 21 | 29 | +38.1% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The West Manheim Township 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 200%, 3 bedroom homes increased by 38.1%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Manheim Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in West Manheim Township in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for West Manheim Township, PA
How long does it take to sell a home in West Manheim Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 39 Days | +47.9% |
Summary: Homes in West Manheim Township had an average of 39 days on market in May 2024, up by 47.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Manheim Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in West Manheim Township; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
