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Is Manchester, KY 40962 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Manchester is a buyer’s market. With about 9.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.3%Sold price ÷ list price
Median days on market63Listing to accepted offer
Median price per sq ft$96▲ +10.7% vs. last year

The Manchester housing market right now

In the three months ending August 31, 2026, 0% of homes in Manchester, KY 40962 sold above their list price, the typical home went under contract in 63 days and there were 9.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (120 days then) and the median sale price fell 7% to $134,842. Overall, Manchester is more competitive than a year ago, so tougher for buyers.

Run the numbers for 40962

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Nearby markets

Garrard 40941 $63 /sq ftOneida 40972Seller’s market $46 /sq ft Browse all markets →

Towns like Manchester nearby

Find towns like Manchester in other states →
East Bernstadt, KY40729 · 21 miles away88% similarsmaller Irvine, KY40336 · 39 miles away84% similar7 min longer commute Hazard, KY41701 · 34 miles away83% similar8 min shorter commute · more renters Corbin, KY40701 · 23 miles away82% similarpricier homes ($58K more) · larger

Where Manchester is

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Questions about Manchester real estate

Is Manchester a buyer’s or seller’s market?

A buyer’s market: there were 9.3 months of supply in Manchester, KY 40962 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Manchester?

The typical home went under contract in 63 days in the latest three months.

Do homes in Manchester sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.

What are property taxes in Manchester?

About 0.70% of a home’s value a year in Clay County, or roughly $2,800 on a $400,000 home.

What is the median home price in Manchester?

The median sale price was $134,842 in the three months ending August 31, 2026, about $96 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology