The median sales price of detached homes in Massanutten Resort has risen dramatically over the past six years... from only $232,500 back in 2018 to $487,000 last year.
That's a 109% increase over a six year timeframe.
Let's compare it to the overall detached home median sales price in all of Harrisonburg and Rockinghan County...
2018 = $228,000
2024 = $338,000
The median sales price of detached homes has certainly increased quite a bit as well... an increase of 48% over six years... but not as dramatically as the 109% increase in median sales prices at Massanutten Resort.
What has driven this increase in sales prices at Massanutten Resort? Primarily, the rise of short term rentals. Most homes being purchased at Massanutten Resort seem to now be purchased to be used as short term rentals, which maximizes the price a buyer (investor) can pay for such a property.
If you own a home in Massanutten Resort, you might be pleasantly surprised at the price a buyer will pay for that home when you are ready to sell!