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Featured local agent — Manhattan, IL
Sarah Mitchell
Compass Real Estate · Manhattan, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Manhattan, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$419,990median sale price
How is the Manhattan, IL housing market right now?
The median home sale price in Manhattan, IL is $419,990, up 10.5% year-over-year. Homes sell in an average of 57 days with 62 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Manhattan a buyer's or seller's market?
Manhattan, IL is currently a seller's market, based on 2.7 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
57
Average pace
Active listings
62
2.7 months supply
Sale-to-list
100.1%
Above asking
What does the Manhattan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $419,990 |
| Median list price | $425,000 |
| Year-over-year price change | +10.5% |
| Average days on market | 57 days |
| Active inventory | 62 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $191/sq ft |
| Homes sold (latest month) | 23 |
| New listings (latest month) | 31 |
| Listings with a price cut | 14.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Manhattan by property type?
How the Manhattan, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $444,995 | $199/sq ft | 12 | 55 days |
| Condo / Co-op | $445,000 | $270/sq ft | 1 | 57 days |
| Townhouse | $284,750 | $183/sq ft | 10 | 46 days |
Source: Redfin · Updated monthly
The Manhattan housing market is currently classified as a seller's market with a median sale price of $419,990. Prices have risen 10.5% compared to last year, with homes spending an average of 57 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Manhattan
There are currently 62 homes listed for sale in Manhattan, Illinois. The median listing price is $425K.
Active listings
62
Homes on market
Median list price
$425K
Avg. days on market
57
Days until sale
New this week
31
Newly listed
Who lives in Manhattan?
Population
10,315
Median income
$128,375/yr
Median age
32.1 years
Owner-occupied
88.4%
College grads
35.8%
Avg commute
37.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Manhattan?
Zillow home value
$400,688
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Manhattan?
Manhattan is a community of approximately 10K residents with a median age of 32.1 years.The median household income is $128,375, which reflects a relatively affluent area with strong earning potential. 35.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 88.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Manhattan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Manhattan?
3 schools tracked · 1,946 students
The largest public schools serving Manhattan, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Wilson Creek Elem Sch
Grades PK-2 · 752 students
Manhattan Jr High School
Grades 6-8 · 603 students
Anna McDonald Elem School
Grades 3-5 · 591 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Manhattan, IL?
Want a head-to-head view? Compare Manhattan side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Manhattan?
The median home sale price in Manhattan is $419,990, up 10.5% from last year.
How long do homes stay on market in Manhattan?
Homes typically spend 57 days on market before going under contract.
What is the median income in Manhattan?
The median household income is $128,375 per year.
Is Manhattan a buyer's or seller's market?
With 2.7 months of supply, Manhattan is currently a seller's market.
What is the Zillow home value estimate for Manhattan?
The Zillow Home Value Index (ZHVI) for Manhattan is $400,688, representing the typical home value in the area.
What is the median condo price in Manhattan?
The median condo/co-op sale price in Manhattan, IL is $445,000, compared to $444,995 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Manhattan?
The median single-family home price in Manhattan, IL is $444,995 (about $199 per square foot).
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