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| MARCH 2025 | |||
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| Units Sold 23 |
Active Inventory 48 |
Median Sale Price $525,000 |
Days On Market 25 |
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| Down Vs. Year Ago |
Up 37% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 23 sold this month in Manassas City Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 13 units or 37%. The total number of active inventory this March was 48 compared to 35 in March 2024. This month's total of 48 is higher than the previous month's total supply of available inventory of 42, an increase of 14%. |
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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 March, the median sale price for Manassas City Homes was $414,000. This March, the median sale price was $525,000, an increase of $111,000 compared to last year. The current median sold price is higher than in February. 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 52 |
Current Contracts 39 |
Sold Vs. List Price 99.8% |
Months of Supply 2.1 |
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| Up 41% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -1.6% Vs. Year Ago |
Up 92% Vs. Year Ago |
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Months of Supply
In March, there was 2.1 months of supply available in Manassas City, compared to 1.1 in March 2024. That is an increase of 91% 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 52 homes newly listed for sale in Manassas City compared to 37 in March 2024, an increase of 41%. There were 39 current contracts pending sale this March compared to 37 a year ago. The number of current contracts is 5% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Manassas City was 99.8% of the average list price, which is 1.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 25, higher than the average last year, which was 16. 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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