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Price Per Acre of Land Sold in Rockingham County |
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![]() 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. Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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