Photo: AlphaBeta135 · CC BY 4.0184 homes sold in Manhattan in the last year, at a typical $397K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Manhattan homes are listed.
Every place Manhattan homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Manhattan.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 67% of Manhattan’s sales, at a typical $446K
184 homes sold in the year to May 2026.
typical sale · 124 sold in 12 months
- Per square foot
- $188IL $180
- Days to sell
- 70
- Sold over asking
- 27%
- Listings with a price cut
- 24%
Multi-family (2–4 units): 1 sold, typical $290K
Townhouses: 55 sold, typical $286K
Condos: 4 sold, typical $281K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
184 sales in the last year, against 305 in 2020 and a low of 101 in 2012. The typical sale went from $209K in 2016 to $397K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Manhattan
Check a listing against what Manhattan homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Manhattan are more common than before the pandemic, but a quarter fewer homes come up for sale
We read every month of Manhattan’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 184 sales.
If you’re buying in Manhattan
- Shop in May. It brings about 25 new listings a month, close to the busiest month, with fewer bidding wars (22% over asking).
- You can negotiate. 21% of listings have cut their price, against 18% before the pandemic.
- Bid near asking. Buyers paid 99.4% of the list price on average; 28% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 56 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 25 a month), but June is the most competitive: 33% of June sales close over asking. February has the least competition (19%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Illinois
| Manhattan now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 28% | 15% | 39% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 37% | 51% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 21% | 18% | 22% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.4% | 98.1% | 100.5% | 99.2% |
| Days to sellMedian days from listing to contract | 56 | 66 | 23 | 49 |
47 homes for sale on a typical day
That’s 1.7 times the 2023 low (27), 27% fewer than in 2017–19 and well under 2019’s 88.
1 in 5 listings has cut its price
21% in the last year, against 18% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 57%, condos 98%
A house typically sold for $446K in the last year (124 sales), a condo for $281K (4).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Manhattan ranks 274th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Manhattan is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Manhattan home costs about $2,945 a month
Price: Manhattan’s typical sale, last 12 months. Property tax at Manhattan’s 2.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Manhattan is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 9.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $397K home, about $10,480 a year.
Taxes vs. neighborsSchools
The schools grade for Manhattan, from test results, graduation and how much students grow.
Schools in ManhattanTypical commute
The average one-way trip to work for people who live in Manhattan.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Manhattan, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| New Lenox | 317 | $465K | $204 | 32% | 50 |
| Frankfort | 256 | $607K | $204 | 27% | 58 |
| Mokena | 221 | $451K | $198 | 42% | 54 |
| Manhattan | 184 | $397K | $180 | 28% | 56 |
| Ingalls Park | 37 | $232K | $188 | 49% | 55 |
| Preston Heights | 36 | $228K | $175 | 39% | 78 |
| Elwood | 32 | $296K | $176 | 34% | 49 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Manhattan, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Manhattan. People who follow the town see it, and so do people comparing Manhattan with their own town. No commission, no listing fee.
Questions about buying a home in Manhattan
What do homes sell for in Manhattan, IL?
184 homes sold in the year to May 2026 at a typical $397K, $180 a square foot.
Is Manhattan a buyer’s or seller’s market?
A seller’s market: 62 homes were for sale in May 2026 and 23 sold, about 2.7 months of supply. Buyers paid 99.4% of asking on average, and 21% of listings cut their price.
When is the best time to buy in Manhattan?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Manhattan?
About 2.6% of a home’s value a year. On a $397K home that’s near $10,480.
Where can I see homes for sale in Manhattan?
Zillow, Redfin, Realtor.com and Homes.com all carry Manhattan’s MLS listings; the search links above open each one filtered to Manhattan.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).