Manhattan, MT Real Estate – Manhattan, MT Homes For Sale
Price for Manhattan, MT homes is $775,000, ⇑ $90,000 from Q2 2024.
Manhattan, Montana real estate listings, includes Amsterdam and Churchill.
Q3 2024: Market Trends – Number Homes For Sale – Median Home Prices
| MONTH/YEAR | SALES PRICE | SOLD HOMES |
| Q3 2024 | $775,000 | 9 |
| Q2 2024 | $635,000 | 12 |
| Q1 2024 | $749,900 | 7 |
| Q4 2023 | $735,000 | 13 |
| Q3 2023 | $732,000 | 18 |
Manhattan, MT Home Sales
Chart 1: Well into Q4 2024, residential price has risen to $775,000 in Manhattan, which shows a significant increase, ⇑ $90,000, from Q2 2024’s price of $635,000.
Q2 2024’s $635,000 is identical to Manhattan’s residential price in Q2 2023.
In the last 10 years, Manhattan home prices have increased almost $600,000 ($597,000) from $177,500 to $775,000.
Manhattan prices dropped throughout the second half of 2022, from $822,500 to $475,000 by year’s end, a $347,500 or 42% decline in 6 months!
Price rebounded ⇑ $219,500 or ⇑ 46%, to $697,000 in the first quarter of 2023.
Continuing up, prices then hit $749,900 in Q1 2024 and $775,000 in Q3 of this year.
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 2022 price ($475,000) was significantly lower than it is today.
Bozeman hasn’t seen substantial price drops. Price remains around $900,000; the Q3 2024 price for a Bozeman home is $895,000.
Nine homes have sold in Q3 2024 in Manhattan, MT compared to 184 home sales 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.
