Only The Top 5% Of Home Buyers In Our Market Pay Over $550,000


Only The Top 5% Of Home Buyers In Our Market Pay Over $550,000
By Scott Rogers • October 21, 2021
If you are selling a home over $550,000 -- you are only appealing to about 5% of the buying public as per the price distribution of the 1,654 home sales that were recorded in the HRAR MLS in Harrisonburg and Rockingham County over the past year. Looking to sell something over $460,000? That will appeal to about 10% of the buying public. You can slice and dice the data above however you'd like... Only 5% of buyers are spending less than $146,000. 75% of buyers spend more than $207K. Half of buyers only spend $265,500 Not pictured above, but the top 1% is $800K+ I think you get the point. :-) If you have ever wondered where your home falls into the overall distribution of home sales prices in this area -- now you know! Thanks, Tom, for the question that lead to this analysis! :-) Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? 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
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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