Manhattan, KS Market Trends — The Alms Group
Updated February 2026
Seller's Market
Manhattan, KS · Market Intelligence

Market Trends Hub

A real-time snapshot of the Manhattan housing market — empowering your next move with clear, data-driven insights from our local experts.

February 2026
Monthly Report
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period, median_price, avg_dom, active_listings, list_to_sale_ratio, closed_sales, months_supply, single_family, condo_townhome_duplex, multi_family
Median Sale Price
$248k
↑ 6.2% YOY
Avg. Days on Market
24 days
↓ 8 days YOY
Active Listings
147
↓ 12.5% YOY
List-to-Sale Ratio
98%
↑ 2.1pts YOY
Price Trend — 12 Months
Median sale price · last 12 months
← Scroll to see all months →
Buyer vs. Seller Market

Determined by months of supply — the NAR industry standard. Under 3 months favors sellers, 3–6 months is balanced, over 6 months favors buyers. Days on market and list-to-sale ratio are shown as supporting context.

Buyer's Market Balanced Seller's Market
Currently: Moderate Seller's Market

Manhattan is favoring sellers. Inventory is constrained below 3 months supply, homes are moving quickly at 24 days average, and sellers are receiving close to full asking price. Buyers should move decisively and come prepared with pre-approval.

Inventory Levels

Active listings by property type compared to the same period last year. Low inventory is contributing to sustained price pressure.

Single Family
72
Condo / Townhome / Duplex
38
Multi-Family
15
New Construction Permits
City of Manhattan, KS

Residential building permits issued by the City of Manhattan. Total inventory is 12.5% below February 2025, continuing a multi-year compression trend — but the permit surge signals supply relief may be coming through mid-2026.

2024 Full Year
108
new living units
2025 Full Year
362
▲ +235% YOY
Jan 2026
26
new living units
← Swipe to see all stats →
Dec 2025 Breakdown
13 new single-family units
$4.04M total valuation
Jan 2026 Breakdown
1 SF · 21 multi-family · 4 two-family
$6.14M residential valuation
Source: City of Manhattan Fire Dept. — Code Services · manhattanks.gov
Commercial Market Snapshot
Manhattan, KS · February 2026

A quick-look at commercial activity in the Manhattan market. Updated monthly.

Active Listings
18
Avg Days on Market
94
days
Closed Sales YTD
4
transactions
Median Sale Price
$412k
YTD 2026
← Swipe to see all stats →
Land — Active Listings
7
Land — Sold YTD
2
Source: Paragon MLS · Data entered manually each month
Year-Over-Year Comparison
February 2025February 2026
Median Price
$248k
↑ +$14,500 (+6.2%)
Was $233,500 in prior year
Days on Market
24
↓ 8 days faster
Was 32 days prior year
Active Inventory
147
↓ −21 listings (−12.5%)
Was 168 prior year
Sale-to-List Ratio
98%
↑ +2.1 pts
Was 95.9% prior year
Closed Sales
89
↑ +7 transactions (+8.5%)
Was 82 prior year
Months Supply
2.1
↓ −0.6 months
Was 2.7 months prior year
New Construction Permits
362
↑ +254 units (+235%)
Was 108 units in 2024 · Source: manhattanks.gov
Data Sources
Paragon MLS — Median Sale Price, Days on Market, Active Listings, List-to-Sale Ratio, Closed Sales, Months Supply, Inventory by Type | City of Manhattan Fire Dept. — Code Services — New Construction Permits · manhattanks.gov

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