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| JUNE 2025 | |||
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| Units Sold 35 |
Active Inventory 68 |
Median Sale Price $575,000 |
Days On Market 18 |
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| Down -26% Vs. Year Ago |
Up 26% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 35 sold this month in Manassas City Real Estate versus 46 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 26% versus June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 26%. The total number of active inventory this June was 68 compared to 54 in June 2024. This month's total of 68 is lower than the previous month's total supply of available inventory of 80, a decrease of 15%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Manassas City Homes was $445,000. This June, the median sale price was $575,000, an increase of $130,000 compared to last year. The current median sold price is higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 38 |
Current Contracts 44 |
Sold Vs. List Price 100.2% |
Months of Supply 1.9 |
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| Down -19% Vs. Year Ago |
Up 29% Vs. Year Ago |
Down -2.5% Vs. Year Ago |
Up 69% Vs. Year Ago |
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Months of Supply
In June, there was 1.9 months of supply available in Manassas City, compared to 1.1 in June 2024. That is an increase of 69% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 38 homes newly listed for sale in Manassas City compared to 47 in June 2024, a decrease of 19%. There were 44 current contracts pending sale this June compared to 34 a year ago. The number of current contracts is 29% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Manassas City was 100.2% of the average list price, which is 2.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 18, higher than the average last year, which was 12. This increase was impacted by the limited number of sales. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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