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MANHATTAN, IL 60442

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

Market Analysis

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

The MANHATTAN, IL real estate market (60442) currently shows 52 active listings, with 21 pending sales. Homes are averaging 22 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 22 days on market compared to 39 days last year.

The median listing price has fallen 4.8% year-over-year, from $459,890 to $438,000.

Whether you are buying or selling in MANHATTAN, IL, 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: 13,135  ·  Density: 75.7/mi²  ·  Median household income: $123,208

Typical home value: $323,691  ·  Homeownership: 91.7%

Market Overview

Active Listings
52
⇧ 4% vs 50 last year
Pending
21
40% pending ratio
Median Price
$438,000
⇩ 4.8% vs $459,890 last year
Average Price
$465,482
⇩ 1.5% vs $472,739 last year
Days on Market
22
⇩ 43.6% vs 39 days last year

Price Per Square Foot

Median $/sqft
$196
⇩ 0.5% vs $197/sqft last year
Median Home Size
2,181 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 52 this year vs 50 last year
  • Days on market: 22 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $438,000 (-4.8% YoY)
  • Average: $465,482 (-1.5% 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 15.6 miles — 777 listings ($352,644,052 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60442Manhattan, IL 604420.0 mi43$18,977,104$439,000$441,328
60451New Lenox, IL 604518.0 mi88$49,007,904$510,771$556,908
60423Frankfort, IL 604238.7 mi77$54,908,931$659,450$713,103
60449Monee, IL 6044910.0 mi27$11,315,835$347,175$419,105
60448Mokena, IL 6044810.7 mi62$43,586,744$508,675$703,012
60432Joliet, IL 6043211.1 mi18$4,493,394$264,950$249,633
60471Richton Park, IL 6047113.4 mi60$17,948,280$266,250$299,138
60484University Park, IL 6048413.5 mi29$6,001,579$210,375$206,951
60487Tinley Park, IL 6048713.6 mi55$24,268,475$437,400$441,245
60491Homer Glen, IL 6049114.6 mi36$27,786,384$630,725$771,844
60467Orland Park, IL 6046714.8 mi61$40,818,943$534,950$669,163
60914Bourbonnais, IL 6091415.1 mi69$28,346,511$340,725$410,819
60466Park Forest, IL 6046615.6 mi152$25,183,968$159,925$165,684

Frequently Asked Questions

How many homes are for sale in MANHATTAN, IL 60442?

As of March 2026, there are 52 active listings in MANHATTAN, IL (zip code 60442), compared to 50 the prior year.

What is the median home price in MANHATTAN, IL 60442?

The median listing price in MANHATTAN, IL 60442 is $438,000 as of March 2026, a 4.8% decrease from $459,890 the prior year.

How long do homes stay on the market in MANHATTAN, IL?

Homes in MANHATTAN, IL 60442 spend an average of 22 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in MANHATTAN, IL 60442?

Based on current inventory and days-on-market data as of March 2026, MANHATTAN, IL 60442 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 22 days on market compared to 39 days last year.

How much can I save on real estate commission in MANHATTAN, IL?

With SELL123.com's maximum 3% commission, sellers in MANHATTAN, IL 60442 save an estimated $8,760 compared to a typical 5% commission on the median listing price of $438,000. 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.