Is Manassas, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manassas is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Manassas has remained a Seller's Market.

Key Takeaway

Manassas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Manassas, VA cost?

Median Sold Price

$385,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$4,416(+1.2%)

Key Takeaway

Homes in Manassas have sold for 1.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $175K$172.5K
-1.4%
2 $220K$235K
+6.8%
3 $347.4K$350K
+0.7%
4 $490K$489.9K
0%
5+ $546K$550K
+0.7%

Median Sold Price Compared To Nearby Cities

Brentsville
+5.7%
Bristow
+1.8%
Manassas
+1.2%
Manassas
+0.9%
Manassas Park
-6.7%

How many homes are available in Manassas, VA?

Number of Homes For Sale

Jul 2022Aug 2022%
119171+43.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 01
+100.0%
2 1924
+26.3%
3 4967
+36.7%
4 3759
+59.5%
5+ 1420
+42.9%

Number of Homes Sold

Jul 2022Aug 2022%
047+100.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manassas, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
12 Days21 Days+68.0%

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manassas are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Manassas, VA

There are 171 homes are for sale in Manassas, VA real estate market. The number of homes for sale in Manassas, VA increased by 43.7% between July 2022 and August 2022. While the average time on the market in August 2022 was 21 days, the median list price was $385,000. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 1.4% more cheaper, prices of 2 bedrooms properties increased by 6.8%, prices of 3 bedrooms properties increased by 0.7%, 4 bedrooms properties did not move, 5 bedrooms properties became 0.7% more expensive. This housing market inventory have changed: volume of 1 bedroom homes went up by 100%, 2 bedrooms homes became 26.3% more available, volume of 3 bedrooms homes went up by 36.7%, 4 bedrooms homes inventory increased by 59.5%, 5 bedrooms homes became 42.9% more available. While more than 22 listings in Manassas, VA in August 2022 were sold above asking price, there were more than 12 listings sold at asking price, and more than 13 were sold below.

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