$3,919 Closing Credit*
$330,000
1,216 SqFt
3 Beds
•1 Full Bath, 1 Partial
Baicheng Liao, Listing Office: Greenland Realty, LLC
Is Manassas Park, 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 Park has remained a Seller's Market.
Key Takeaway
Manassas Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manassas Park, VA
How much do homes in Manassas Park, VA cost?
Median Sold Price
$449,950
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,950(+1.6%)
Key Takeaway
Homes in Manassas Park have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Manassas Park was $449,950 in October 2024, up 1.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $315K | $320K | +1.6% |
| 3 Bedrooms | $427K | $415K | -2.8% |
| 4 Bedrooms | $482K | $605K | +25.5% |
| 5+ Bedrooms | $660K | $656.2K | -0.6% |
Summary: Manassas Park 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 1.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Manassas | $503.5K | $540K | +7.2% |
| Gainesville | $585.6K | $625.9K | +6.9% |
| Brentsville | $632.9K | $674.8K | +6.6% |
| Manassas | $497.7K | $525K | +5.5% |
| Manassas Park | $443K | $449.9K | +1.6% |
Housing Supply in Manassas Park, VA
How many homes are available in Manassas Park, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Summary: The Manassas Park real estate market had 32 homes for sale in October 2024, a 13.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Manassas Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manassas Park, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Manassas Park in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 21 Days | +110.9% |
Summary: Homes in Manassas Park had an average of 21 days on market in Oct 2024, up by 110.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Manassas Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Manassas Park; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
