Sales Prices Rising Faster in County Than in City


Sales Prices Rising Faster in County Than in City
By Scott Rogers • February 10, 2017
Sometimes I have more questions than answers. Or more observations than explanations. As shown above, the median sales price of homes in Rockingham County has increased 4.2% over the past year -- from $194,900 to $203,000. During the same time frame, the median sales price of homes in the City of Harrisonburg has only increased 0.15%. So -- why are home prices increasing more in the County than in the City? Perhaps it is based on what homes are actually selling in the City and County? Maybe we are seeing larger or newer homes selling more frequently in the County, where as smaller or older homes are selling more frequently in the City? Maybe there is more buyer demand in the County, driving prices up more quickly in the City? Theories are welcome! I'll let you know if I have any magical insights. Until then, you can find out more about the Harrisonburg and Rockingham County real estate market by visiting.... 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 22, 2024 (unless otherwise noted).
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