Valley Realty Associates Localized Market Report
Harrisonburg, VA 22801
Single-Family Homes
"Impossible Becomes Possible With The Right People On Your Side"
Harrisonburg, VA 22801
Wed Jul 02 2025
This week the median list price for Harrisonburg, VA 22801 is $432,400 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has held steady at or around 62.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Real-Time Market Profile
| Median List Price | $432,400 | |
| Median Price of New Listings | $359,990 | |
| Per Square Foot | $217 | |
| Average Days on Market | 57 | |
| Median Days on Market | 11 | |
| Price Decreased | 24% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 62 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $782,250 | 4,579 | 0.5 - 1 acre | 5 | 4.3 | 15 | 2 | 3 | 45 |
| $498,900 | 2,600 | 0.25 - 0.5 acre | 3 | 3 | 29 | 5 | 1 | 7 |
| $357,445 | 1,514 | 6,500 - 8,000 sqft | 3 | 2 | 13 | 8 | 4 | 3 |
| $275,000 | 1,329 | 4,500 - 6,500 sqft | 3 | 2 | 29 | 8 | 1 | 0 |