Homeowners In Harrisonburg, Rockingham County, Likely Improved Their Net Worth By Approximately $25,000 Over The Past Year


Homeowners In Harrisonburg, Rockingham County, Likely Improved Their Net Worth By Approximately $25,000 Over The Past Year
By Scott Rogers • March 22, 2022
This fits into the category of... happy news for homeowners not so happy news for would-be home buyers who haven't been able to buy yet not so happy news for those who don't own a home and don't aspire to do so The median value of a home sold in Harrisonburg and Rockingham County was $244,900 in 2020. One year later, in 2021, it was $270,000. This marks a $25,000 increase in the value of a median priced home over the course of a single year. So, if you have owned a home in Harrisonburg or Rockingham County over the past year you have likely seen a $25,000 increase in your net worth... or more if you own a home valued above the median sales price... or less if you own a home valued lower than the median sales price. So... Homeowners: Be thankful for the value of your home increasing so heartily over the past year. Would Be Home Buyers: Keep trying. It's a competitive market, but it is worth continuing to try to buy a home. Everybody Else: Some people may not be in a position to buy a home because of their job or income situation, because they are working to pay off debt, because they might need to move within the next few years, or for any number of other reasons. That's OK. But if you haven't bought a home and aren't planning to... but you could afford to do so, and you plan to live here for awhile... maybe we should chat. 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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