Price Per Acre of Land Sold in Rockingham County


Price Per Acre of Land Sold in Rockingham County
By Scott Rogers • August 7, 2020
As shown above, the price per acre of 5 - 10 acre tracts has mostly stayed between $13K and $14K over the past four years, with the exception of last year (2019) when it dipped down to $11K. We have seen a steady increase in the number of 5 to 10 acre land sales over the past several years. The number of 10 to 20 acre tracts selling per year has stayed much more consistent over the past four years (2016 - 2019) with 11, 12 or 13 parcels selling -- though there have already been 10 such sales in the first 7-ish months of 2020. The median price per acre has been generally trending up for this size of parcel, and seems poised to remain around $11K per acre this year. The median price per dipped down rather low ($4K/acre) in 2018 for parcels of 20+ acre but then rose quite significantly in 2019 to $7K per acre. We have seen around 15 to 20 such sales per year for the past several years but it seems we might surpass that in 2020. Finally, this (above) is a compilation of the price per acre for each parcel size. As you might expect, the larger the parcel, the lower the price per acre. 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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