The Value of Your Home Based On When You Bought It


The Value of Your Home Based On When You Bought It
By Scott Rogers • September 25, 2017
Can historical median sales prices give you some sense of your home's current market value? Perhaps so! The chart above is calculated based on comparing the 2017 median sales price to the median sales price in each of the past 16 years. Do remember, of course, that while this might provide a general guide to what has happened with home values over the 17 years, 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. Also, if you bought your home in one of the (now few) red years (2006, 2007, 2008), while your home might still be worth less today than when you bought it, you may have paid down your mortgage to the point that you could sell your without bringing money to closing. 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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