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Rockingham County Market Report

August 2023




Harrisonburg and Rockingham County
Units Sold
Year to Date


827
-23.50%
12 Month
Residential Sales


1,300
-22.57%
12 Month
Avg Sales Price


$339,996
+6.64%
Months Supply
of Inventory


1.65 m
+73.82%







City of Harrisonburg
Units Sold
Year to Date


226
-24.92%
12 Month
Residential Sales


348
-27.04%
12 Month
Avg Sales Price


$284,435
+3.72%
Months Supply
of Inventory


0.79 m
-17.04%


Southeast Rockingham
Units Sold
Year to Date


248
-26.63%
12 Month
Residential Sales


424
-19.54%
12 Month
Avg Sales Price


$385,143
+10.93%
Months Supply
of Inventory


1.90 m
+81.03%







Southwest Rockingham
Units Sold
Year to Date


124
-16.78%
12 Month
Residential Sales


178
-18.35%
12 Month
Avg Sales Price


$341,844
+3.41%
Months Supply
of Inventory


1.35 m
+144.94%


Northwest Rockingham
Units Sold
Year to Date


108
-21.17%
12 Month
Residential Sales


177
-22.71%
12 Month
Avg Sales Price


$302,337
-0.71%
Months Supply
of Inventory


2.64 m
+129.35%







Northeast Rockingham
Units Sold
Year to Date


76
-25.49%
12 Month
Residential Sales


110
-25.17%
12 Month
Avg Sales Price


$321,310
-1.46%
Months Supply
of Inventory


1.42 m
+24.09%


Massanutten
Units Sold
Year to Date


45
-16.67%
12 Month
Residential Sales


63
-22.22%
12 Month
Avg Sales Price


$475,672
+21.14%
Months Supply
of Inventory


3.24 m
+628.57%



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.