Manhattan, MT Real Estate – Manhattan, MT Homes For Sale
Q4 2022: Median price for Manhattan, Montana homes is $670,000
Manhattan, Montana real estate listings, includes Amsterdam and Churchill.
Q4 2022: Market Trends – Number Homes For Sale – Median Home Prices
|MONTH/YEAR||⇑ SALES PRICE||⇓ HOMES FOR SALE|
Chart 1: November 2022 finds Manhattan Montana residential prices dropping from Q1 2022’s all-time high of $795,000 to the present price of $685,500 (homes, condos, townhomes).
After a low of $235,000 in Q4 2019, prices came close to hitting $800,000 in the first quarter of 2022.
After July 2021, real estate prices continued upward to their present $670,000 in Q4 2022.
Manhattan, MT Home Sales
Since Q2 2022, when home prices in Manhattan were $825,000, Q3 2022 home prices, at $670,000, have dropped ⇓ $155,000 or a ⇓ 23% decrease (in just one quarter!)
Starting in Q1 2020 (beginning of Covid) to Q4 2022, median residential prices in Manhattan increased from $397,500 to $670,000, which is ⇑ $272,500 or ⇑ 68.6%.
Chart 2: In that same period, Bozeman real estate prices (homes, condos, townhomes) rose from $530,000 to $899,900, an increase of ⇑ $369,900 or ⇑ 69.8%!
Beginning in January 2022, Manhattan, Montana’s median home prices began climbing after a flat period at the end of 2021, but both Manhattan and Bozeman prices began falling in Q2 2022.
There are 17 homes for sale in Manhattan, MT in November 2022, compared to 148 homes for sale in Bozeman.
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.
The farming region around Manhattan, Montana helps make Montana the 2nd largest barley malt producer in the US.
Average sales price for Manhattan MT homes almost (⇑ 99%) doubled from January 2018 to January 2022, increasing from $389,000 to $775,000.