Is Manitowoc, WI 54220 a buyer’s or seller’s market?

The Manitowoc housing market right now

In the three months ending August 31, 2026, 41% of homes in Manitowoc, WI 54220 sold above their list price, the typical home went under contract in 47 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 163 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 34%, homes sold faster (49 days then) and the median sale price rose 6% to $249,892. Overall, Manitowoc is more competitive than a year ago, so tougher for buyers.

Within Manitowoc County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Manitowoc ranks #144 of 319 WI ZIP codes with enough sales (score 68 out of 100).

Nearby, buyers who want less competition could look at Saint Nazianz 54232 (0% sold over asking) or Whitelaw 54247 (25% sold over asking), while Valders 54245 (100% sold over asking) and Cleveland 53015 (71% sold over asking) are even more competitive.