No matter how you work the numbers, there is one thing clear about the Manteca housing market — over time the resale value of homes have been significantly outpacing the rate of inflation.

Three drastically different homes that have gone pending this month with accepted offers illustrate that buying a home still serves as a hedge against inflation and rising rents even with average 30-year mortgage rates at 6.6 percent.

The examples are a home in the:

*300 block of California Avenue in the neighborhood sandwiched between Manteca High and Spreckels Park that has a pending offer roughly 300 percent more than what it last sold for in 2010. The accumulative inflation since 2010 is 45.23 percent.

*1000 block of Buttercup Place in the custom neighborhood of Marsh Creek in East Manteca that has a pending offer 93 percent more than what it last sold for in 2016. The accumulative inflation rate since 2016 is 27.93 percent.

*1900 block of Southwell Place in a South Manteca neighborhood near Palmer Park that has a pending offer 75 percent more than what it last sold for in 2015. The accumulative inflation rate since 2017 is 29.55 percent.

In the three examples, homes have gone up in value from more than double to more than triple the rate of inflation.

There are clearly a lot of factors that go into determining the value of a home.

But across almost all sectors of the Manteca housing market, home values over the long-range are leaving inflation in the dust.

It is another indication why local trends rarely mirror exactly national trends.

A lot of that has to do with where Manteca — as well as Tracy, Lathrop, Ripon, and Mountain House — are situated.

That goes not just for their proximity to the Bay Area and location to key commuter routes and even passenger rail. It also reflects how the four communities are positioned to support and encourage new single family detached housing — a rarity in the greater Bay Area.

And in terms of infrastructure, the four are somewhat better situated than Modesto and Stockton while also being considered more desirable to a degree based on their smaller sizes.

The buzz for new homes — especially the oversized pull marketing for the planned 15,001-home River Islands at Lathrop community has for the South County region — spills over into the resale market.

Here’s a closer look at the three homes.

California Avenue

It was built in 1953 as part of the city’s first modern post-World War II subdivision.

It is of the flat-top genre with three bedrooms, one bathroom in 1,099 square feet of living space on a 6,242 square door lot.

The interior has been updated. There is a car port but no garage.

The home resold for the first time in 1986 for $67,000.

Twelve years later, it sold for $107,500, roughly a 60 percent gain in value.

It sold during the foreclosure crisis in 2010 for $98,000.

The pending offer of $399,999 reflects a gain in value of $301,999 in 13 years.

The gain, of course, is because when it last sold was when the housing market had cratered.

But it underscores how people who bought homes during the Great Mortgage Meltdown ignored talking head financial advisors on cable TV shows who argued renting made more sense financially given stocks likely would have a greater return had it right.

The accepted offer, by the way, was $25,000 below the original listing price.

The home was on the market for 55 days.

Buttercup Place

The home last sold in 2016 for $439,000.

It features four bedrooms and three bathrooms in 2,510 square feet on a 0.23-acre lot. There is a three-car garage.

The home originally sold for $81,000 in 1990.

The pending offer of $849,999 is roughly 90 percent higher than what it last sold for seven years ago.

It is 10½ times higher than the original selling price 33 years ago.

Keep in mind, though, the home since then has undergone interior modernization giving it a feel comparable to a new tract home.

There is also a backyard designed for entertaining centered around a swimming pool that was put in after the original selling date.

The home received a full price offer.

it was on the market for 54 days.

Southwell Place

As a new home, it sold for $469,500.

It has five bedrooms and 4.5 bathrooms with 3,629 square feet on a 9,914 square foot lot.

The home has a pending offer of $825,000, some $355,000 more than what it originally sold for in 2015.

It is in a neighborhood to the southeast of Airport Way and Woodward Avenue.

It was on the market for 12 days.

Highest price ever for ‘old’

Central Manteca home

A new custom home built in 2022 and has been on the market for 464 days has a pending offer of $949,500.

It is in the 100 block of Mylnar Avenue just off of East Yosemite Avenue between Powers Avenue and Cottage Avenue.

It is the highest price ever commanded by a single family home in the older portion of Central Manteca.

It is about as close as you can get to shopping, restaurants, medical services and such without being next door. It is within walking distance of Manteca High and Lincoln School.

It features four bedrooms, 4.5 bathrooms and 2,795 square feet of living space on. 0.26-acre parcel.

The pending offer was $50,000 below the original asking price.

New home market

still humming along

Most of the lower and middle range newer homes are selling without price reductions.

Thoseon the upper end — especially when developers build basically spec homes — have seen some price reductions but are still selling.

Three homes on Damson Street, for example, in a new neighborhood south of Woodward Avenue near McKinley Avenue, have sold for $789,900, $796,592, and $829,900.

They range in size from 2,208 square feet to 2,768 square feet with four bedrooms and three bathrooms to five bedrooms and 3.5 bathrooms.

The two lower priced homes had $10,000 knocked off of their original listing price. The more expensive home sold for full price.

The gated, lakeside community Oakwood Shores community continues to set the pace for new home prices.

Two new homes on Riva Trigoso Drive went pending at full listing prices.

Both have four bedrooms and 3.5 bathrooms with 3,130 square feet of living space.

The home on an 8,467 square-foot lot went pending for $955,000. The home on a 7,300 square-foot lot is pending for $830,000.