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MANCHESTER, CT 06040

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MANCHESTER, CT real estate market (06040) currently shows 55 active listings, with 31 pending sales. Homes are averaging 36 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 36 days on market compared to 20 days last year.

The median listing price has risen 12.1% year-over-year, from $349,900 to $392,400.

Whether you are buying or selling in MANCHESTER, CT, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 36,847  ·  Density: 840.5/mi²  ·  Median household income: $80,426

Typical home value: $229,888  ·  Homeownership: 52.8%

Market Overview

Active Listings
55
⇩ 14.1% vs 64 last year
Pending
31
56% pending ratio
Median Price
$392,400
⇧ 12.1% vs $349,900 last year
Average Price
$470,281
⇧ 11.8% vs $420,711 last year
Days on Market
36
⇧ 80% vs 20 days last year

Price Per Square Foot

Median $/sqft
$245
⇧ 2.9% vs $238/sqft last year
Median Home Size
1,676 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 64 last year
  • Days on market: 36 now vs 20 last year

Median & Average Pricing

Year over Year
  • Median: $392,400 (+12.1% YoY)
  • Average: $470,281 (+11.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.9 miles — 306 listings ($143,719,970 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
06040Manchester, CT 060400.0 mi45$20,033,685$356,900$445,193
06033Glastonbury, CT 060333.9 mi33$26,183,058$436,150$793,426
06118East Hartford, CT 061184.6 mi32$10,559,552$307,000$329,986
06074South Windsor, CT 060745.7 mi33$13,753,542$381,250$416,774
06073South Glastonbury, CT 060737.6 mi8$4,400,432$509,900$550,054
06103Hartford, CT 061037.6 mi8$2,114,400$213,500$264,300
06232Andover, CT 062327.8 mi3$861,000$287,000$287,000
06109Wethersfield, CT 061098.7 mi35$18,886,910$493,225$539,626
06112Hartford, CT 061129.3 mi16$5,434,064$350,000$339,629
06447Marlborough, CT 064479.5 mi11$6,021,565$529,725$547,415
06016Broad Brook, CT 060169.9 mi20$13,490,560$577,475$674,528
06119West Hartford, CT 0611910.5 mi12$3,422,052$251,200$285,171
06095Windsor, CT 0609510.9 mi50$18,559,150$362,400$371,183

Frequently Asked Questions

How many homes are for sale in MANCHESTER, CT 06040?

As of March 2026, there are 55 active listings in MANCHESTER, CT (zip code 06040), compared to 64 the prior year.

What is the median home price in MANCHESTER, CT 06040?

The median listing price in MANCHESTER, CT 06040 is $392,400 as of March 2026, a 12.1% increase from $349,900 the prior year.

How long do homes stay on the market in MANCHESTER, CT?

Homes in MANCHESTER, CT 06040 spend an average of 36 days on the market before going under contract, compared to 20 days the prior year.

Is it a seller's or buyer's market in MANCHESTER, CT 06040?

Based on current inventory and days-on-market data as of March 2026, MANCHESTER, CT 06040 is currently a Balanced Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 36 days on market compared to 20 days last year.

How much can I save on real estate commission in MANCHESTER, CT?

With SELL123.com's maximum 3% commission, sellers in MANCHESTER, CT 06040 save an estimated $7,848 compared to a typical 5% commission on the median listing price of $392,400. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.