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
$515,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manassas have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Manassas was $515,000 in April 2024, up 8.5% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188K | $212K | +12.8% |
| 2 Bedrooms | $295K | $310K | +5.1% |
| 3 Bedrooms | $412.1K | $441.3K | +7.1% |
| 4 Bedrooms | $575K | $613K | +6.6% |
| 5+ Bedrooms | $699.9K | $723.3K | +3.3% |
Summary: Manassas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Manassas Park | $400K | $449K | +12.3% |
| Manassas | $473.1K | $528.8K | +11.8% |
| Coles | $550.6K | $599.9K | +9.0% |
| Manassas | $474.7K | $515K | +8.5% |
| Brentsville | $610K | $657.6K | +7.8% |
Housing Supply in Manassas, VA
How many homes are available in Manassas, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 290 | 395 | +36.2% |
Summary: The Manassas real estate market had 395 homes for sale in April 2024, a 36.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 38 | 53 | +39.5% |
| 3 Bedrooms | 107 | 141 | +31.8% |
| 4 Bedrooms | 91 | 127 | +39.6% |
| 5+ Bedrooms | 52 | 71 | +36.5% |
Summary: The Manassas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 39.5%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 36.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 106 | 122 | +15.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
83 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 122 homes were sold or pending in Manassas in April 2024, up by 15.1% month-over-month. Of the 122 sold homes, 15% were sold under asking, 17% 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 |
|---|---|---|
| 14 Days | 7 Days | -49.8% |
Summary: Homes in Manassas had an average of 7 days on market in Apr 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
119 Homes Were Sold
Under 30 Days
3 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, 122 homes were sold in Manassas; 98% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
