Manhattan, MT Real Estate – Manhattan, MT Homes For Sale
March 2022: Median price for Manhattan, Montana homes is $655,000
Manhattan, Montana real estate listings, includes Amsterdam and Churchill.
March 2022: Market Trends – Number Homes For Sale – Median Home Prices
|MONTH/YEAR||⇑ SALES PRICE||⇓ HOMES FOR SALE|
Chart 1: After remaining flat, averaging around $573,000, from January to June 2021, for the first time ever, median home prices in greater Manhattan, Montana topped $600,000 in July 2021.
After July 2021, prices continued upward to their present $655,000 in March 2022.
Since March 2021, when home prices in Manhattan were $571,950, home prices have risen ⇑ $83,050 or ⇑ 14.5% increase in the last 12 months.
In the past 2 years, since March 2020, median prices in Manhattan have increased ⇑ $240,000 or ⇑ 57.8%!
In that same period, Bozeman home median prices have risen from $496,750 to $780,000, an increase of ⇑ $283,250 or ⇑ 57%!
In 2020, Bozeman’s ascending home prices lagged behind Manhattan’s! (see chart 1).
Beginning in January 2022, Manhattan, Montana’s median home prices began climbing after a flat period at the end of 2021, while those of Bozeman have moved steadily upward in the past 2 years.
There are 10 homes for sale in Manhattan, MT in March 2022, compared to 83 homes for sale in Bozeman.
Chart 2: Note that Manhattan real estate (homes, condos, townhomes) prices were higher than Bozeman’s from December 2020 to March 2021!
Manhattan has retained the small town, ranching aura that has characterized the American West for decades.
Interestingly, the town has had three names in its history: it was first named “Hamilton” in 1865.
Then, in 1883, Hamilton (not to be confused with present day Hamilton, MT) was renamed “Moreland.”
In 1890 it was renamed a third time to the present, “Manhattan,” named for Manhattan, New York, from where it’s three founders came.
Average sales price for Manhattan MT homes has more than doubled since January 2018, increasing from $370,560 to $752,400 in January 2022.