Valley Realty Associates Localized Market Report
Harrisonburg, VA 22802
Single-Family Homes
"Impossible Becomes Possible With The Right People On Your Side"
Harrisonburg, VA 22802
Sat Apr 04 2026
This week the median list price for Harrisonburg, VA 22802 is $419,000 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has increased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $419,000 | |
| Median Price of New Listings | $419,500 | |
| Per Square Foot | $179 | |
| Average Days on Market | 67 | |
| Median Days on Market | 0 | |
| Price Decreased | 40% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
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 |
|---|---|---|---|---|---|---|---|---|
| $649,900 | 3,610 | 0.5 - 1 acre | 3 | 3.5 | 41 | 2 | 1 | 77 |
| $422,450 | 1,778 | 0.25 - 0.5 acre | 3 | 2.3 | 43 | 3 | 1 | 0 |
| $390,000 | 2,550 | 1 - 2.5 acres | 3 | 2 | 43 | 2 | 1 | 45 |
| $299,900 | 1,686 | 6,500 - 8,000 sqft | 3 | 2 | 45 | 1 | 0 | 98 |