Is Manassas Park, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manassas Park has remained a Seller's Market.
Housing Prices in Manassas Park, VA
How much do homes in Manassas Park, VA cost?
Median Sold Price
$440,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manassas Park was $440,000 in April 2024, up 10.7% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $380K | N/A |
2 Bedrooms | $308.7K | $320K | +3.6% |
3 Bedrooms | $379.5K | $412.5K | +8.7% |
4 Bedrooms | $448K | $491K | +9.6% |
5+ Bedrooms | $653.7K | $660K | +1.0% |
Summary: Manassas Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 1%.
Housing Supply in Manassas Park, VA
How many homes are available in Manassas Park, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 48 | +20.0% |
Summary: The Manassas Park real estate market had 48 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Manassas Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Manassas Park in April 2024, up by 6.3% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 16 Days | +85.3% |
Summary: Homes in Manassas Park had an average of 16 days on market in Apr 2024, up by 85.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Manassas Park; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.