If you bought in X then your house is likely now worth Y


If you bought in X then your house is likely now worth Y
By Scott Rogers • February 23, 2015
The chart above is calculated based on comparing the median sales price in 2014 to the median sales price in each of the prior 14 years. Several key points to take away from this chart.... For many, many home owners, this chart may have very little pertinence to the value of your home. These calculations are based on median sales prices, and your home (and/or neighborhood) may have performed VERY differently during any of these time periods. If you bought your house between 2006 and 2008, it's still not necessarily an exciting time to sell -- though hopefully that is not news to anyone. Home values are still (barely, slightly) declining (year-over-year), so despite today's buyers getting great deals on their houses, they still need to plan to be in them for at least five years to be sure to see gains in their home value. If you bought in 2004 or prior, you should do just fine if you are selling today. But again, the most important point is that while this might provide a general guide to what has happened with home values over the last decade (+), every home and neighborhood is unique. Let's chat about your specific house if you want to know what it is worth in today's market. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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