Manhattan, MT Real Estate – Manhattan, MT Homes For Sale
Median price for Manhattan, Montana homes is ⇓ to $635,000, Q3 2024.
Manhattan, Montana real estate listings, includes Amsterdam and Churchill.
Q2 2024: Market Trends – Number Homes For Sale – Median Home Prices
| MONTH/YEAR | SALES PRICE | HOMES ONLY |
| Q2 2024 | $635,000 | 33 |
| Q1 2024 | $749,900 | 21 |
| Q4 2023 | $735,000 | 22 |
| Q3 2023 | $732,000 | 38 |
| Q2 2023 | $635,000 | 34 |
Manhattan, MT Residential (homes, condos, townhomes) Sales
Chart 1: Well into Q3 2024, residential (homes, condos, townhomes) price has dropped to $620,000 in Manhattan, which shows a significant drop, ⇓ $129,900 or ⇓ 21%, from Q1 2024’s price of $749,900.
Q2 2024’s $620,000 is almost identical to Manhattan’s residential price one year ago ($619,000)!
After a low of $235,000 in Q4 2019, prices came close to hitting $800,000 ($795,000) in the first quarter of 2022.
Manhattan prices dropped throughout 2022 but rebounded ⇑ $219,500 or ⇑ 46%, to $697,000 in the first quarter of 2023.
Continuing up, prices then hit $749,900 in Q1 2024.
Manhattan, MT Home Sales
Today, home price is $635,000, down ⇓ $114,900 or ⇓ 18.1% from Q1 2024.
In Q4 2022, Manhattan home prices were way down at $475,000. Today, the median home price is $635,000.
Starting in Q1 2020 (beginning of Covid) to Q1 2022, home prices in Manhattan increased from $450,000 to $825,000, which was a ⇑ $375,000 or ⇑ 45.5% increase.
Chart 2: In that same period, Bozeman home prices rose from $510,500 to $900,500, an increase of ⇑ $390,000 or ⇑ 43.3%!
Today, prices are rebounding in Manhattan, when the Q4 2023 was significantly lower than it is today.
Bozeman hasn’t seen substantial price drops; the Q2 2024 price for a Bozeman home is $951,650.
There are 33 homes for sale in Manhattan, MT compared to 182 inside Bozeman and 229 homes outside the city of 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.
