Spotlight on January 2026: Key numbers you need to know for Manhattan, IL

How do price trends and market activity directly impact your next real estate move in Manhattan, IL? January 2026 brought a host of important numbers that every client and agent should know. Decision makers in this vibrant area rely on up to date figures to make progress, whether moving up, buying in, or listing for sale.

When you are tracking market momentum in Manhattan, IL for January 2026, these metrics reveal the foundation for strategy and timing. Discover what makes it a good time to buy in Manhattan, IL and how targeted pricing can help sell your house fast in Manhattan, IL this season. Elizabeth Betty Botello can help provide each angle for your personal journey.

Critical Market Indicators from January 2026

Closed sales stood at 22 for single families, showing sustained movement. With 25 new listings, the inventory pool stays fresh. The average sale price in Manhattan, IL reached $305,000, offering sellers encouraging growth and buyers a benchmark for their search. Days on market reported a median of 32, so homes that arrive move quickly if priced and presented correctly. The absorption rate of 38 percent reflects an environment where more than one out of three listings sells monthly. This matters because quick turnarounds benefit motivated sellers and give buyers confidence that the market is dynamic.

The list-to-sale price ratio hit 97.5 percent in January 2026, confirming that sellers can realize nearly their full asking prices. With 2.6 months of supply, buyers should prepare for limited inventory and must act fast. Price per square foot at $156 acts as both a value marker for buyers and a renovation gauge for sellers.

Buyer and Seller Dynamics in Manhattan, IL

Active buyers drove 54 showings per sold listing, indicating intense competition for strong inventory. First time buyers made up 28 percent of closings, bolstered by available FHA and VA options. For sellers, 60 percent of new listings went under contract within 21 days and only 26 percent of actives needed a price reduction. Negotiation trends favored sellers, with $2,200 as the average concession—well below historic averages.

• 22 closed sales (single family)
• 25 new listings
• $305,000 average sale price
• Median 32 days on market
• $156 average per square foot
• 2.6 months of supply
• 38 percent absorption rate
• 97.5 percent list-to-sale price

Luxury, Rental, and Special Segment Insights

Three homes sold above $500,000 in January 2026, while the highest recorded sale topped at $710,000. The rental market saw three units leased at an average price of $1,700 in under 21 days, confirming that even without broad data, demand is present for rental housing. Exploring luxury listings in Manhattan, IL can open doors for move up sellers and aspirational buyers alike, rounding out the opportunity this month.

Getting Results in January 2026

Smart listing prep and buyer readiness drive better results for Manhattan, IL residents right now. Start your Manhattan, IL property search today or connect with Elizabeth Betty Botello for an individualized selling strategy rooted in January’s most important metrics. This winter is shaping up as an energetic time for real estate in this lively Illinois town.