$5,641 Closing Credit*
$475,000
1,194 SqFt
3 Beds
•1 Full Bath
Harry Hasbun, Listing Office: Keller Williams Realty/Lee Beaver & Assoc.
Is Manassas Park, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Manassas Park has remained a Seller's Market.
Key Takeaway
Manassas Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manassas Park, VA
How much do homes in Manassas Park, VA cost?
Median Sold Price
$450,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$18,050(+4.2%)
Key Takeaway
Homes in Manassas Park have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Manassas Park was $450,000 in September 2024, up 4.2% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $315K | $320K | +1.6% |
| 3 Bedrooms | $405K | $424.5K | +4.8% |
| 4 Bedrooms | $478.5K | $605K | +26.4% |
| 5+ Bedrooms | $660K | $671.2K | +1.7% |
Summary: Manassas Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Gainesville | $583.9K | $627.2K | +7.4% |
| Brentsville | $630K | $674K | +7.0% |
| Manassas | $505.9K | $529.9K | +4.7% |
| Manassas | $496K | $518K | +4.5% |
| Manassas Park | $431.9K | $450K | +4.2% |
Housing Supply in Manassas Park, VA
How many homes are available in Manassas Park, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 44 | 41 | -6.8% |
Summary: The Manassas Park real estate market had 41 homes for sale in September 2024, a 6.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Manassas Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 13 | -40.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manassas Park, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Manassas Park in September 2024, down by 40.9% month-over-month. Of the 13 sold homes, 15% were sold under asking, 46% were sold at asking, and 38% were sold over asking.
Days on Market for Manassas Park, VA
How long does it take to sell a home in Manassas Park, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 14 Days | +22.3% |
Summary: Homes in Manassas Park had an average of 14 days on market in Sep 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manassas Park are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 13 homes were sold in Manassas Park; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
