Is Manassas, 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 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.
Housing Prices in Manassas, VA
How much do homes in Manassas, VA cost?
Median Sold Price
$528,806
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manassas have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Manassas was $528,806 in April 2024, up 11.8% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.5K | $211K | +13.7% |
| 2 Bedrooms | $295K | $305K | +3.4% |
| 3 Bedrooms | $414K | $450K | +8.7% |
| 4 Bedrooms | $564.5K | $615K | +8.9% |
| 5+ Bedrooms | $715K | $735K | +2.8% |
Summary: Manassas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Manassas Park | $400K | $449K | +12.3% |
| Manassas | $473.1K | $528.8K | +11.8% |
| Manassas | $474.7K | $515K | +8.5% |
| Brentsville | $610K | $657.6K | +7.8% |
| Bristow | $620K | $630K | +1.6% |
Housing Supply in Manassas, VA
How many homes are available in Manassas, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 248 | 342 | +37.9% |
Summary: The Manassas real estate market had 342 homes for sale in April 2024, a 37.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 34 | 46 | +35.3% |
| 3 Bedrooms | 93 | 124 | +33.3% |
| 4 Bedrooms | 77 | 107 | +39.0% |
| 5+ Bedrooms | 43 | 62 | +44.2% |
Summary: The Manassas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 39%, and 5+ bedroom homes increased by 44.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 100 | +11.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manassas, you could pay more than the asking price. 68% of homes here sold above asking price last month.
Summary: A total of 100 homes were sold or pending in Manassas in April 2024, up by 11.1% month-over-month. Of the 100 sold homes, 14% were sold under asking, 18% were sold at asking, and 68% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 6 Days | -52.4% |
Summary: Homes in Manassas had an average of 6 days on market in Apr 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manassas are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 100 homes were sold in Manassas; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
