$8,491 Closing Credit*
$715,000
3,492 SqFt
4 Beds
•3 Full Baths, 1 Partial
Donna R Lutkins, Listing Office: Real Broker, LLC
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
$527,234
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,618(+5.5%)
Key Takeaway
Homes in Manassas have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Manassas was $527,234 in November 2024, up 5.5% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $213.5K | +1.7% |
| 2 Bedrooms | $310K | $325K | +4.8% |
| 3 Bedrooms | $435K | $450K | +3.4% |
| 4 Bedrooms | $596.7K | $637.7K | +6.9% |
| 5+ Bedrooms | $723.3K | $759.8K | +5.0% |
Summary: Manassas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Coles | $575K | $635.7K | +10.5% |
| Brentsville | $630.9K | $675K | +7.0% |
| Manassas | $506.9K | $541.1K | +6.7% |
| Manassas | $499.6K | $527.2K | +5.5% |
| 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 |
|---|---|---|
| 360 | 322 | -10.6% |
Summary: The Manassas real estate market had 322 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 | 37 | 29 | -21.6% |
| 3 Bedrooms | 144 | 133 | -7.6% |
| 4 Bedrooms | 117 | 103 | -12.0% |
| 5+ Bedrooms | 61 | 52 | -14.8% |
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 21.6%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 14.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 143 | 96 | -32.9% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manassas, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 96 homes were sold or pending in Manassas in November 2024, down by 32.9% month-over-month. Of the 96 sold homes, 27% were sold under asking, 31% were sold at asking, and 42% 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 | 24 Days | +41.8% |
Summary: Homes in Manassas had an average of 24 days on market in Nov 2024, up by 41.8% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
21 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, 96 homes were sold in Manassas; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
