$7,896 Closing Credit*
$664,900
2,610 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jennifer L Kloppman, Listing Office: Weichert, REALTORS
Is Manassas, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$540,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,488(+7.2%)
Key Takeaway
Homes in Manassas have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Manassas was $540,000 in October 2024, up 7.2% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $210K | 0.0% |
| 2 Bedrooms | $302.5K | $325K | +7.4% |
| 3 Bedrooms | $435K | $455K | +4.6% |
| 4 Bedrooms | $600K | $640K | +6.7% |
| 5+ Bedrooms | $740K | $765K | +3.4% |
Summary: Manassas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Manassas | $503.5K | $540K | +7.2% |
| Brentsville | $632.9K | $674.8K | +6.6% |
| Manassas | $497.7K | $525K | +5.5% |
| Bristow | $650K | $671.1K | +3.3% |
| Manassas Park | $443K | $449.9K | +1.6% |
Housing Supply in Manassas, VA
How many homes are available in Manassas, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 332 | 367 | +10.5% |
Summary: The Manassas real estate market had 367 homes for sale in October 2024, a 10.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 30 | 36 | +20.0% |
| 3 Bedrooms | 115 | 137 | +19.1% |
| 4 Bedrooms | 116 | 127 | +9.5% |
| 5+ Bedrooms | 70 | 63 | -10.0% |
Summary: The Manassas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 125 | +17.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manassas, you could pay more than the asking price. 40.8% of homes here sold above asking price last month.
Summary: A total of 125 homes were sold or pending in Manassas in October 2024, up by 17.9% month-over-month. Of the 125 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 16 Days | -18.3% |
Summary: Homes in Manassas had an average of 16 days on market in Oct 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manassas are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 125 homes were sold in Manassas; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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