$5,461 Closing Credit*
$459,900
1,467 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jaime Pardo, Listing Office: KW United
Is Manassas, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$541,118
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,120(+6.7%)
Key Takeaway
Homes in Manassas have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Manassas was $541,118 in November 2024, up 6.7% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $212K | +1.0% |
| 2 Bedrooms | $305K | $327.2K | +7.3% |
| 3 Bedrooms | $435K | $459.8K | +5.7% |
| 4 Bedrooms | $600K | $642.2K | +7.0% |
| 5+ Bedrooms | $735K | $776K | +5.6% |
Summary: Manassas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Brentsville | $630.9K | $675K | +7.0% |
| Manassas | $506.9K | $541.1K | +6.7% |
| Manassas | $499.6K | $527.2K | +5.5% |
| Bristow | $645K | $672.5K | +4.3% |
| Manassas Park | $441.4K | $450K | +1.9% |
Housing Supply in Manassas, VA
How many homes are available in Manassas, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 331 | 296 | -10.6% |
Summary: The Manassas real estate market had 296 homes for sale in November 2024, a 10.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 5 | +400.0% |
| 2 Bedrooms | 32 | 26 | -18.8% |
| 3 Bedrooms | 130 | 122 | -6.2% |
| 4 Bedrooms | 109 | 92 | -15.6% |
| 5+ Bedrooms | 59 | 51 | -13.6% |
Summary: The Manassas housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 400%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 87 | -34.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manassas, you could pay more than the asking price. 40.2% of homes here sold above asking price last month.
Summary: A total of 87 homes were sold or pending in Manassas in November 2024, down by 34.1% month-over-month. Of the 87 sold homes, 26% were sold under asking, 33% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 25 Days | +45.8% |
Summary: Homes in Manassas had an average of 25 days on market in Nov 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 87 homes were sold in Manassas; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
