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 September 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

$417,525

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$32,712(+8.5%)

Key Takeaway

Homes in Manassas have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $175K$185K
+5.7%
2 $220K$259.9K
+18.1%
3 $350K$367.5K
+5.0%
4 $490K$525K
+7.1%
5+ $532.5K$599K
+12.5%

Median Sold Price Compared To Nearby Cities

Bristow
+17.3%
Brentsville
+12.5%
Manassas
+8.5%
Manassas
+3.9%
Manassas Park
-3.1%

How many homes are available in Manassas, VA?

Number of Homes For Sale

Aug 2022Sep 2022%
176160-9.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 10
-100.0%
2 2523
-8.0%
3 7057
-18.6%
4 6063
+5.0%
5+ 2017
-15.0%

Number of Homes Sold

Aug 2022Sep 2022%
5247-9.6%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manassas, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
13 Days18 Days+35.0%

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

10 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 160 homes are for sale in Manassas, VA real estate market. The inventory of homes for sale in Manassas, VA between August 2022 and September 2022 decreased by 9.1%. The median list price of listings available in September 2022 was $417,525, while the average time on the real estate market was 18 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 5.7%, 2 bedrooms properties prices increased by 18.1%, prices of 3 bedrooms properties increased by 5%, prices of 4 bedrooms properties went up by 7.1%, 5 bedrooms properties prices increased by 12.5%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 100%, number of 2 bedrooms homes decreased by 8%, 3 bedrooms homes became 18.6% less available, the quantity of 4 bedrooms homes went up by 5%, 5 bedrooms homes inventory decreased by 15%. In September 2022 more than 17 listings in Manassas, VA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 21 were sold below.

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