Altos Market Data for Realtors

Manhattan, IL

Single-Family Homes

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Manhattan, IL

Tue Sep 21 2021
This week the median list price for Manhattan, IL is $349,945 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has increased to 30. Click here to stay informed with the Manhattan market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Manhattan, IL

Tue Sep 21 2021
This week the median list price for Manhattan, IL is $349,945 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has increased to 30. Click here to stay informed with the Manhattan market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Manhattan market.
Median List Price $349,945
Median Price of New Listings $372,200
Per Square Foot $164
Average Days on Market 60
Median Days on Market 32
Price Decreased 30%
Price Increased 3%
Relisted 3%
Inventory 30
Median Rent $1,057
Market Action 49
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$499,900 3,200 2.5 - 5 acres 4 3 29 0 1 42
$394,500 2,282 0.25 - 0.5 acre 3 2 3 2 2 21
$346,031 2,113 0.25 - 0.5 acre 3 2 1 1 0 73
$277,450 1,838 0.25 - 0.5 acre 3 2 32 1 3 28