Million Dollar Home Sales Peaked In 2021, 2022

Between 2018 and 2020 there were only three million dollar home sales in Harrisonburg and Rockingham County area as recorded in the HRAR MLS.

Then, in 2021, we saw (10) million dollar (+) home sales, and then (10) more such sales in 2022!

Home prices were certainly increasing between 2018 and 2021, so one of the reasons we saw more million dollar home sales was certainly because of increases in those home values. 

But then -- we only saw (4) such sales in 2023.

One theory here is that the increase in mortgage interest rates in 2022 and then 2023 resulted in fewer buyers being willing to pay a million bucks (or more) for a home.

Thus far in 2024, we have seen two of these million dollar (+) home sales in the first four(ish) months of the year -- though there are four other million (+) dollar listings that are under contract and waiting to make it to closing.

If you're eager to purchase a million dollar home in Harrisonburg or Rockingham County, these are your (14) current options.