The Sweet Spot of the Harrisonburg Housing Market
Scott P. Rogers
How much are most buyers paying for homes in Harrisonburg and Rockingham County?
The most active price segment of home buyers is $300K to $400K followed by the $200K to $300K price range.
Within those two price ranges ($200K - $400K) there were 893 home sales over the past 12 months... which is 65% of all homes that were sold.
If we add in the next price range up ($400K - $500K) we find that there were 1,076 home sales... or 79% of all home sales.
Looking at the extremes...
If you're hoping to buy for less than $200K there aren't that many (3%) homes that are likely going to be available to purchase.
If you're hoping to sell for more than $800K there aren't that many (3%) buyers who are paying those prices.
Where will your next home purchase or home sale fall within these price ranges?
