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Rockingham County Market Report

March 2024




Harrisonburg and Rockingham County
Units Sold
Year to Date


279
+12.50%
12 Month
Residential Sales


1,231
-17.99%
12 Month
Avg Sales Price


$358,125
+8.58%
Months Supply
of Inventory


1.65 m
+92.59%







City of Harrisonburg
Units Sold
Year to Date


65
+10.17%
12 Month
Residential Sales


300
-24.43%
12 Month
Avg Sales Price


$309,028
+12.37%
Months Supply
of Inventory


0.60 m
+24.06%


Southeast Rockingham
Units Sold
Year to Date


78
+1.30%
12 Month
Residential Sales


372
-26.63%
12 Month
Avg Sales Price


$389,368
+7.71%
Months Supply
of Inventory


1.71 m
+112.45%







Southwest Rockingham
Units Sold
Year to Date


35
-18.60%
12 Month
Residential Sales


172
-18.10%
12 Month
Avg Sales Price


$363,536
+5.18%
Months Supply
of Inventory


2.23 m
+225.58%


Northwest Rockingham
Units Sold
Year to Date


33
-8.33%
12 Month
Residential Sales


166
-15.31%
12 Month
Avg Sales Price


$320,771
+6.15%
Months Supply
of Inventory


2.67 m
+191.24%







Northeast Rockingham
Units Sold
Year to Date


49
+145.00%
12 Month
Residential Sales


146
+17.74%
12 Month
Avg Sales Price


$348,653
+7.91%
Months Supply
of Inventory


1.73 m
-22.45%


Massanutten
Units Sold
Year to Date


19
+46.15%
12 Month
Residential Sales


75
+11.94%
12 Month
Avg Sales Price


$487,750
+6.34%
Months Supply
of Inventory


1.76 m
+40.38%



What This Chart Shows:
Residential home sales by month, since 2008. This chart helps show seasonal trends in home sales.


What This Chart Shows:
Total residential sales from January 1 until the date on this chart, since 2008.


What This Chart Shows:
The number of residential properties on which Buyers and Sellers entered into contracts each month since 2009. This is an excellent indicator of future sales.


What This Chart Shows:
The past twelve months sales, for this month and each month since 2008. This is one of the best ways to see the true long term trend in the market.


What This Chart Shows:
The long term inventory trend in Rockingham County, with Single Family homes seperated from Townhomes.


What This Chart Shows:
The long term inventory trend in the City of Harrisonburg, with Single Family homes seperated from Townhomes.

 


What This Chart Shows:
The long term trend in average and median sales prices for homes.