Is Manassas, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Manassas has remained a Seller's Market.
Housing Prices in Manassas, VA
How much do homes in Manassas, VA cost?
Median Sold Price
$521,663
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Manassas was $521,663 in March 2024, up 11% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188K | $210K | +11.7% |
2 Bedrooms | $290K | $305K | +5.2% |
3 Bedrooms | $410K | $442.9K | +8.0% |
4 Bedrooms | $567.5K | $610K | +7.5% |
5+ Bedrooms | $700K | $731K | +4.4% |
Summary: Manassas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
Manassas | $469.9K | $521.6K | +11.0% |
Manassas Park | $400K | $440K | +10.0% |
Manassas | $475K | $508.5K | +7.1% |
Brentsville | $618.7K | $646.8K | +4.5% |
Bristow | $637.2K | $630K | -1.1% |
Housing Supply in Manassas, VA
How many homes are available in Manassas, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
357 | 402 | +12.6% |
Summary: The Manassas real estate market had 402 homes for sale in March 2024, a 12.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 42 | 49 | +16.7% |
3 Bedrooms | 116 | 134 | +15.5% |
4 Bedrooms | 136 | 136 | 0.0% |
5+ Bedrooms | 60 | 79 | +31.7% |
Summary: The Manassas housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 31.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 80 | +1.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Manassas in March 2024, up by 1.3% month-over-month. Of the 80 sold homes, 14% were sold under asking, 23% were sold at asking, and 64% were sold over asking.
Days on Market for Manassas, VA
How long does it take to sell a home in Manassas, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 16 Days | -22.3% |
Summary: Homes in Manassas had an average of 16 days on market in Mar 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 80 homes were sold in Manassas; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.