MANASSAS CITY HOUSING MARKET DATA

There was an increase in total units sold in May, with 46 sold this month in Manassas City Real Estate versus 39 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 7% versus May 2024.

Versus last year, the total number of homes available this month is higher by 25 units or 57%. The total number of active inventory this May was 69 compared to 44 in May 2024. This month's total of 69 is lower than the previous month's total supply of available inventory of 72, a decrease of 4%.

Last May, the median sale price for Manassas City Homes was $401,777. This May, the median sale price was $530,000, an increase of $128,223 compared to last year. The current median sold price is higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.5 months of supply available in Manassas City, compared to 1.0 in May 2024. That is an increase of 47% 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.

This month there were 50 homes newly listed for sale in Manassas City compared to 53 in May 2024, a decrease of 6%. There were 41 current contracts pending sale this May compared to 48 a year ago. The number of current contracts is 15% lower than last May.

In May, the average sale price in Manassas City was 100.4% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 15, higher than the average last year, which was 12, an increase of 25%.





FOCUS ON: MANASSAS CITY HOUSING MARKET			MAY 2025

Units Sold 46	Active Inventory 69	Median Sale Price $530,000	Days On Market 15

Up 7% Vs. Year Ago	Up 57% Vs. Year Ago	Up 32% Vs. Year Ago	Up 25% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 46 sold this month in Manassas City Real Estate versus 39 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 7% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 25 units or 57%. The total number of active inventory this May was 69 compared to 44 in May 2024. This month's total of 69 is lower than the previous month's total supply of available inventory of 72, a decrease of 4%.
		Median Sale Price Last May, the median sale price for Manassas City Homes was $401,777. This May, the median sale price was $530,000, an increase of $128,223 compared to last year. The current median sold price is higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 50	Current Contracts 41	Sold Vs. List Price 100.4%	Months of Supply 1.5

Down -6% Vs. Year Ago	Down -15% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 47% Vs. Year Ago


		Months of Supply In May, there was 1.5 months of supply available in Manassas City, compared to 1.0 in May 2024. That is an increase of 47% 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.
New Listings & Current Contracts This month there were 50 homes newly listed for sale in Manassas City compared to 53 in May 2024, a decrease of 6%. There were 41 current contracts pending sale this May compared to 48 a year ago. The number of current contracts is 15% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Manassas City was 100.4% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 15, higher than the average last year, which was 12, an increase of 25%.



	*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.