How Competitive is the Manchester, TN Housing Market?
Manchester, a city near Nashville, TN, is a moderately competitive housing market. Nearly 20% of homes sold above list price in the 3 months ending June 2026—up about 2 percentage points from a year ago.
The National Picture
Manchester's 19.8% sold-above rate approaches but doesn't reach the national 24.6%. Where it lags more noticeably is speed: 73 days on market versus the national 50, and only 23% of listings go under contract within two weeks compared to 30.4% nationally. Buyers here have time to negotiate, but competitive offers are becoming more common.
High Overbid Rate With a Slow Pace
Manchester presents an unusual combination: a nearly 20% overbid rate paired with 73 days on market. This suggests a bifurcated market where well-priced, move-in-ready homes attract multiple offers quickly while other listings sit. Downtown Murfreesboro matches the overbid rate (20%) but sells in just 33 days—less than half the time. Buyers in Manchester can afford to be selective, knowing that only certain properties generate bidding pressure.
Why is Manchester Moderately Competitive?
Manchester is moderately competitive because declining inventory is tightening supply, but the small market size limits the intensity of competition. Active listings dropped 14% to 130 while demand held steady (homes sold +9%, pending sales flat). At just 2.6 months of supply, the tightest among Nashville-metro cities tracked here, inventory scarcity gives sellers leverage. With a median price of $315,000 and stable days on market (unchanged YoY), the market is affordable enough to attract buyers while supply-constrained enough to keep competition elevated.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Market in 2 Wks |
|---|---|---|---|---|
| Manchester | 19.8% | 98.2% | 73 days | 23.2% |
| Blackman | 9.6% | 98.6% | 68 days | 24.2% |
| West Murfreesboro | 15.9% | 99.7% | 56 days | 33.3% |
| Three Rivers | 17.6% | 99.5% | 67 days | 42.3% |
| Downtown Murfreesboro | 20.0% | 96.7% | 33 days | 30.4% |
| Antioch-Priest Lake | 19.6% | 98.0% | 63 days | 28.4% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
