Manteca’s year-to-year median single home sales price dropped two thirds less than in the Bay Area.
Based on Metrolist data, the Manteca median sales price in December of 2022 was $582,500. That’s down 3.8 percent from December of 2021 when it was at $615,000.
That compares to the Bay Area where prices were off 11.5 percent going from a median of $1.2 million in December 2021 to $1,084,500 last month.
Last year marked the first time since 2010 that housing prices have dropped in Manteca.
Today’s median of $582,500 is more than double than in 2013 when it was at $287,000.
There were 42 existing homes sold in Manteca last month. That included the homes between $800,000 and $849,000 and one home between $850,000 and $899,000.
Most previously owned homes that sold were bunched up with 15 in the $600,000 to $699,999 price range and 18 in the $500,000 to $549,999 range.
Homes that sold last month were on the market for 44 days on average as compared to 11 days in December of 2021.
There were 147 homes listed for sale in Manteca as of Jan. 1.
At the same time there were 53 homes with offers pending.
December 2022 activity in Manteca included 43 new listings, 34 offers accepted and 44 homes that closed escrow.
In the region, Manteca prices fared slightly better than Tracy that dropped 0.1 percent more in year to year comparisons. Tracy’s median prices, however, were about $110,000 higher than in Manteca.
Year-to-year drops in Modesto was 12 percent and 6 percent in Stockton.
Lodi was up 15.5 percent.
San Joaquin County was down 4.5 percent, Stanislaus County down 4.8 percent, Sacramento County down 5.3 percent, and Alameda County down 11.7 percent.
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