Manassas VA Homes For Sale
Manassas is an independent city in Northern Virginia, in the middle of Prince William County. The city was incorporated in 1975 but its roots go back much further. With roughly 38,000 residents and encompassing ten square miles, Manassas celebrates its rich history while embracing a robust modern economy fueled by the presence of major employers such as Micron Technology and Lockheed Martin. You'll find a delightful blend of homes for sale here, from antiques to brand new construction. Architectural types include various Colonial subsets, Victorian farmhouse style, Cape Cods, Tudors, Arts & Crafts, old cottages, new contemporary designs and more. For more information on Manassas VA homes for sale, click on the active MLS listings below:
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At the time of the Civil War, Manassas Junction was a strategic railroad crossing, coveted by both armies. The war's first major land battle took place here in 1861, known both as the First Battle of Manassas and the First Battle of Bull Run. In 1873, the city was officially founded, ushering in a new era of development. In fact, a four-bedroom brick Colonial on Main Street built in 1874, sold in March of 2013 for $379,800. That may seem a bargain but it's worth noting that the median home value in the city in 2016 was only $345,000.
Why the low prices in Manassas? It's a question that has puzzled some experts. Home values have plunged 50% since the high-water mark in 2006. The national economic and real estate downturn effected parts of the country in different ways, due to issues such as over-development, risky mortgages and the collapse of key businesses. Despite its long history, it was the more recent presence of Fortune 500 companies that spawned a huge construction boom during the last decade and there well may have been an uncertainty about the future employment figure resulting in a dearth of sales.
Despite the extended drop, real estate prices have been on the rebound in recent years. There has also been a shrinking of inventory, serving to boost prices. One thing is for sure, Manassas is an attractive city with a thriving arts and entertainment community and plenty or recreational offerings. With great shops and restaurants and a higher than average median household income, this award-winning city offers a lot of bang for the buck.
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 October 16th, 2018 at 1:54pm EDT.