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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How it works — just upload the Excel tracker file directly. The Hub reads the 📋 Monthly Data Entry sheet automatically. No CSV export required.

If uploading a CSV instead, the expected column order is:
period, median_price, avg_dom, active_listings, list_to_sale_ratio, closed_sales, months_supply, single_family, townhomes, condos, 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
Buyer vs. Seller Market

The balance of power between buyers and sellers, measured by supply, demand, and time-on-market dynamics.

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.

2.1
Months Supply
1.8×
Offers per Listing
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
Townhomes
38
Condos
22
Multi-Family
15
Historical Context

Total inventory is 12.5% below February 2025, continuing a multi-year compression trend. New construction permits are up 8%, which may ease supply constraints entering mid-2026.

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

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Frequently Asked Questions

  • Housing market trends are patterns in home prices, inventory, sales activity, and demand that show how the real estate market is changing over time. They help buyers and sellers understand whether the market is favoring buyers, sellers, or is balanced.

  • Tracking local market trends helps you make better decisions about when to buy or sell by showing current conditions like price direction, inventory levels, and selling speed compared with past months.

  • A seller’s market occurs when demand is strong and inventory is low, which can lead to faster sales and higher prices. It’s typically seen when months of supply is below about 3 months.

  • Months of supply estimates how long current inventory would last at the current rate of sales — lower supply typically favors sellers, while higher supply can give buyers more options.

  • Median sale price is the midpoint price of sold homes in a given period — half of the homes sell above it and half sell below it — and it’s used to measure market pricing trends.

  • Days on market measures the average time homes spend listed before selling — shorter DOM often signals stronger buyer demand.

  • This page is updated monthly with the latest data so you get current statistics and trends as the market evolves.

  • Rising inventory means more homes are available for sale, which can ease price pressure and lengthen time on market; falling inventory can tighten the market and support higher prices.

  • Use trend data like pricing direction, inventory, and days on market along with your personal timing and financial goals to decide the best time to act. Watching how these indicators change over months provides context for your decision.m description

  • Besides the core metrics, you can watch things like list-to-sale price ratios, changes in active listings, and year-over-year comparisons to see deeper shifts in market strength.