Manhattan, MT Real Estate – Manhattan, MT Homes For Sale
July 2022: Median price for Manhattan, Montana homes is $765,000
Manhattan, Montana real estate listings, includes Amsterdam and Churchill.
July 2022: Market Trends – Number Homes For Sale – Median Home Prices
|MONTH/YEAR||⇑ SALES PRICE||⇓ HOMES FOR SALE|
Chart 1: After remaining flat–around $573,000 from January to June 2021–median home prices in greater Manhattan, Montana topped $600,000 (for the first time) in July 2021.
After July 2021, prices continued upward to their present $765,000 in July 2022.
Since July 2021, when home prices in Manhattan were $609,000, home prices have risen ⇑ $156,000 or ⇑ 25.6% increase (12 months.)
In the past 2 years, since July 2020, median prices in Manhattan have increased ⇑ $326,000 or ⇑ 74.5%!
In that same period, Bozeman home median prices have risen from $517,750 to $820,000, an increase of ⇑ $304,250 or ⇑ 58.8%!
In July 2020, Manhattan’s price trend out performed Bozeman’s until the end of the year! (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 12 homes for sale in Manhattan, MT in July 2022, compared to 98 homes for sale in Bozeman.
Chart 2: Note that Manhattan real estate (homes, condos, townhomes) prices were higher than Bozeman’s from November 2020 to August 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.