Manassas Park VA Homes For Sale
An independent city in Northern Virginia, Manassas Park lies adjacent to the city of Manassas and is surrounded by Prince William County to the north, east and south. Residential development began much later than its sister city with a flurry of construction beginning in 1955. It was incorporated as a town in 1957 and as a city in 1975. For more information on Manassas Park VA homes for sale, click on the active MLS listings below:
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Covering only 2.5 square miles, Manassas Park has a robust population of over 14,000 residents. The real estate marketplace is primarily made up of single-family dwellings with an median value of just $272,400, as of the last quarter of 2016. This is in a similar range with nearby communities such as Yorkshire, Loch Lomond and West Gate. The difference is that those markets have shown a steady rebound since the market crash of 2008. Like its larger counterpart to the west however, Manassas Park has only recently started to reclaim its value.
One of the factors that may have contributed to buyer uncertainty in both cities is the acquisition of Colgan Air by Pinnacle Airlines in 2007. Operations were subsequently moved to Memphis until a phase-out of Colgan was completed. Pinnacle filed for Chapter 11 bankruptcy protection in 2012. Contradicting this view are the most recent economic stats in Manassas Park showing a low 5% unemployment rate with a job growth of 1.54%. These are markedly better than the national averages.
Regardless of reasons for the real estate slump in Manassas Park, the fact remains that affordable low prices allow for buyer opportunities. There's plenty of good-sized residences, often favoring contemporary Colonial architecture. Many of the newest and most expensive homes can be found bordering the popular General's Ridge Golf Course. Those looking for newer housing and undervalued listings may want to check out Manassas Park.
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2018.
Listing information last updated on December 16th, 2018 at 7:01pm EST.