Is Manteca, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manteca has remained a Seller's Market.
Key Takeaway
Manteca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manteca, CA
How much do homes in Manteca, CA cost?
Median Sold Price
$657,698
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manteca have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Manteca was $657,698 in April 2024, up 6.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $515K | $490K | -4.9% |
| 3 Bedrooms | $557.5K | $559K | 0.3% |
| 4 Bedrooms | $650K | $698.4K | +7.5% |
| 5+ Bedrooms | $782.9K | $807.5K | +3.1% |
Summary: Manteca housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Manteca, CA
How many homes are available in Manteca, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Summary: The Manteca real estate market had 55 homes for sale in April 2024, a 19.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Manteca 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 increased by 40%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manteca, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Manteca in April 2024, up by 22.2% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Manteca, CA
How long does it take to sell a home in Manteca, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 32 Days | -34.7% |
Summary: Homes in Manteca had an average of 32 days on market in Apr 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manteca are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Manteca; 64% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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