How Quickly Your Home Will Sell Might Depend On The Price Range


How Quickly Your Home Will Sell Might Depend On The Price Range
By Scott Rogers • July 17, 2023
The "Median Days On Market" in Harrisonburg and Rockingham County is six days... that is to say that half of homes go under contract in six or fewer days and half go under contract in six or more days. That is based on home sales in the first half of 2023. But... when we zoom into some different price ranges we start to see a slightly different story. The median Days On Market for homes over $500K is 10 days... ...for homes over $600K is 25 days... ...for homes over $700K is 35 days... ...and for homes over $800K is 70 days. So, yes, market-wide, the median Days on Market is six days... but that doesn't necessarily mean your home will go under contract in about six days... especially if it is in one of the upper price ranges for our area. 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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