The city of Manassas, Virginia is known for its rich history and beautifully preserved buildings. Currently, the real estate market is booming as a seller’s market, but is dropping in market value.
The median home value according to Zillow is $390,400. However, that is a decrease in value by almost 1% from last year’s average value.
The median list price per square foot in Manassas is $202, which is lower than the state average of $236 per square foot.
The average list price is around $390,000 but homes are typically closed at a price of $341,600.
Rent prices in Manassas typically fall around $1,840 monthly, in comparison to the state average of $2,300.
Trends predict that foreclosures will be a factor for the next several years, which could affect market values and buyer availability.
According to Zillow.com
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