$7,302 Closing Credit*
$614,900
2,596 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jacklyn A Esguerra, Listing Office: Pearson Smith 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 November 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
$440,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,000(+1.4%)
Key Takeaway
Homes in Manassas Park have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Manassas Park was $440,000 in November 2024, up 1.4% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380K | N/A |
| 2 Bedrooms | $320K | $320K | 0.0% |
| 3 Bedrooms | $417.5K | $415K | -0.6% |
| 4 Bedrooms | $470K | $507.5K | +8.0% |
| 5+ Bedrooms | $660K | $650K | -1.5% |
Summary: Manassas Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in Manassas Park, VA
How many homes are available in Manassas Park, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Manassas Park real estate market had 26 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Manassas Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manassas Park, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Manassas Park in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 13 Days | -5.6% |
Summary: Homes in Manassas Park had an average of 13 days on market in Nov 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manassas Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 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.
