MANASSAS CITY HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in January, 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 January 2024.

Versus last year, the total number of homes available this month is higher by 6 units or 21%. The total number of active inventory this January was 34 compared to 28 in January 2024. This month's total of 34 is lower than the previous month's total supply of available inventory of 44, a decrease of 23%.

Last January, the median sale price for Manassas City Homes was $439,000. This January, the median sale price was $435,000, a decrease of 1% or $4,000 compared to last year. The current median sold price is 6% lower than in December.

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

In January, there was 1.5 months of supply available in Manassas City, compared to 0.9 in January 2024. That is an increase of 58% 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 20 homes newly listed for sale in Manassas City compared to 25 in January 2024, a decrease of 20%. There were 21 current contracts pending sale this January compared to 29 a year ago. The number of current contracts is 28% lower than last January.

In January, the average sale price in Manassas City was 100.5% of the average list price, which is 1.5% higher than at this time last year.

This month, the average number of days on market was 13, lower than the average last year, which was 28. This decrease was impacted by the limited number of sales.





FOCUS ON: MANASSAS CITY HOUSING MARKET			JANUARY 2025

Units Sold 23	Active Inventory 34	Median Sale Price $435,000	Days On Market 13

Down Vs. Year Ago	Up 21% Vs. Year Ago	Down -1% Vs. Year Ago	Down Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in January, 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 January 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 6 units or 21%. The total number of active inventory this January was 34 compared to 28 in January 2024. This month's total of 34 is lower than the previous month's total supply of available inventory of 44, a decrease of 23%.
		Median Sale Price Last January, the median sale price for Manassas City Homes was $439,000. This January, the median sale price was $435,000, a decrease of 1% or $4,000 compared to last year. The current median sold price is 6% lower than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 20	Current Contracts 21	Sold Vs. List Price 100.5%	Months of Supply 1.5

Down -20% Vs. Year Ago	Down -28% Vs. Year Ago	Up 1.5% Vs. Year Ago	Up 59% Vs. Year Ago


		Months of Supply In January, there was 1.5 months of supply available in Manassas City, compared to 0.9 in January 2024. That is an increase of 58% 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 20 homes newly listed for sale in Manassas City compared to 25 in January 2024, a decrease of 20%. There were 21 current contracts pending sale this January compared to 29 a year ago. The number of current contracts is 28% lower than last January.
		Sale Price to List Price Ratio In January, the average sale price in Manassas City was 100.5% of the average list price, which is 1.5% higher than at this time last year. Days on Market This month, the average number of days on market was 13, lower than the average last year, which was 28. This decrease was impacted by the limited number of sales.



	*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.