Local Real Estate Market >> In a Nutshell
Overall, our local Harrisonburg and Rockingham County real estate market is quite healthy. (See all that green up there?) Although sales were down from this October compared to last, they are up both year-to-date and year-over-year. Prices are also holding relatively steady, providing strong levels in average price per square foot.
Buyer urgency and sales over asking price have also tapered off, which is to be expected this time of year when sales and contracts tend to slow down due to both buyers and sellers gearing up for the holiday season.
We’ve also seen a slight shift in sales by property type, with 26% attached homes (duplexes and townhouses) and 74% detached (single family homes).
Lastly, take a look at average price by town in our local area. Penn Laird homes typically sell at higher prices, with the average at just over $280K, and Bridgewater comes in second at just over $230K. Homes in the City of Harrisonburg are selling for an average of about $180K. (If you want more information about any towns on the chart above, check out the community information — including homes for sale in those areas — on harrisonburghomes.com.)
Have questions about the local real estate market? Comment below or contact us! We’re happy to help.