Is Manassas Park, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Manassas Park has remained a Seller's Market.
Housing Prices in Manassas Park, VA
How much do homes in Manassas Park, VA cost?
Median Sold Price
$449,450
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Manassas Park was $449,450 in May 2024, up 5.8% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $380K | N/A |
2 Bedrooms | $310K | $319K | +2.9% |
3 Bedrooms | $402.5K | $413K | +2.6% |
4 Bedrooms | $465K | $530K | +14.0% |
5+ Bedrooms | $647.5K | $687.5K | +6.2% |
Summary: Manassas Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
Manassas | $483.7K | $525.1K | +8.6% |
Brentsville | $614.5K | $666.2K | +8.4% |
Gainesville | $559K | $603.1K | +7.9% |
Manassas | $477.3K | $510K | +6.8% |
Manassas Park | $424.9K | $449.4K | +5.8% |
Housing Supply in Manassas Park, VA
How many homes are available in Manassas Park, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 39 | -26.4% |
Summary: The Manassas Park real estate market had 39 homes for sale in May 2024, a 26.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 18 | 11 | -38.9% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Manassas Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 38.9%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 18 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Manassas Park in May 2024, down by 10.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% were sold over asking.
Days on Market for Manassas Park, VA
How long does it take to sell a home in Manassas Park, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 12 Days | +14.4% |
Summary: Homes in Manassas Park had an average of 12 days on market in May 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Manassas Park; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.