Two years of sales, side by side

Are Manchester Home Values Up or Down?

It is one of the most common questions I hear, from neighbors at the store to sellers at the kitchen table: are Manchester home values going up or down? Headlines about national prices do not always match what is happening here. So I put two full years of Realtracs MLS sales for Manchester (37355) side by side.

The short answer: slightly down. The median sale price was 1.8% lower than the year before, with about 5% fewer sales. Speed and sale to list price barely moved. That is a steady market, not a falling one, and your own home's value depends far more on your street and condition than on any citywide number.

The median price was slightly lower

• October 2024 through September 2025: median sale price $339,900
• October 2025 through September 2026: median sale price $333,900

That is a drop of 1.8%. It is a small change, and it is worth knowing what a median really measures before reading too much into it. I explain that below.

Fewer homes sold

397 homes sold in the last 12 months, compared with 418 the year before. That is 21 fewer sales, about 5% fewer.

Fewer sales can come from fewer homes listed, from buyers waiting on interest rates, or from many other reasons. The number alone does not tell you which, but it does tell you the market was a little quieter.

Every price range was slightly lower

I also compared the median sale price inside each price range:

• Under $300K: $251,250, from $258,000
• $300K to $499K: $360,000, from $374,900
• $500K and up: $580,000, from $583,750

Each range moved down a little. None of them showed a sharp drop.

Homes sold at about the same pace

The median home spent 28 days on market, compared with 26 the year before. 53% sold in 30 days or less, compared with 55%.

If prices were falling fast, I would expect to see homes sitting much longer. That is not what the data shows. Buyers are still buying at a similar pace.

Sale to list price held steady

Homes sold for about 98.1% of their final list price on average, nearly the same as 98.0% the year before. 51% closed at or above list, compared with 52%.

This is a good sign of balance. Sellers who priced in line with the market still got close to their asking price, just as they did a year earlier.

So, up or down?

Slightly down. The median price was 1.8% lower with 5% fewer sales, while speed and sale to list price barely moved.

One more thing to keep in mind: a median reflects which homes sold, not any one home's value. If a few more lower priced homes happened to sell this year, the median can dip even when values on your street held steady. That is why a citywide number is a place to start, not a final answer.

What it means if you are selling

• A steady market rewards good pricing. Homes priced right still sold quickly.
• Your competition is the homes for sale near you today, not last year's headlines.
• Small changes in the median should not change your plans much. Your timing, your next home and your own goals matter more.

What it means if you are buying

• Prices have not been climbing fast, which gives you time to compare homes.
• Homes still sell close to list price, so do not count on large discounts.
• A lender pre approval and a clear budget help you act when the right home appears.

Why one number can mislead

News stories often report a single median price for a whole city, a county or the country. That number is useful for trends, but it mixes very different homes together. A town where more new construction sold this year, or where fewer large homes sold, can show a change in the median even if most owners saw little change in their own home's value.

That is why I always look at sales by price range, by area and by type of home, and then at the handful of sales that are truly like yours.

What about your home?

Your street, size, updates and condition matter more than any citywide number. A free home value looks at the sales closest to yours. Call or text me at (615) 497 1658, or use the form on this page. For the full monthly numbers, see my Manchester home prices report.

Keep reading:

• What is my Manchester home worth right now?
• What is happening with homes at my price?
• Coffee County housing market
• All Manchester guides

About these numbers: Realtracs MLS, Manchester TN 37355 residential sales (manufactured homes excluded), closed from October 2025 through September 2026 and from October 2024 through September 2025, with homes for sale counted as of October 27, 2026. Past results do not predict future price or timing.

Common questions

Matt Sargent is a Tennessee licensed affiliate broker with Keller Williams who helps buyers and sellers in Manchester and Coffee County. Call (615) 497 1658 or send a message.