Harrisonburg, VA metro area Housing Market
Warm MarketComprehensive housing market data for the Harrisonburg, VA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$334K
↑ 1.2% YoY
Days on Market
56 days
↓ 20.0% YoY
Active Inventory
162
↓ 23.6% YoY
Homes Sold
90
↑ 3.4% YoY
Warm Market
The market is active with moderate buyer demand.
Harrisonburg, VA metro area Market Summary
The Harrisonburg, VA metro area housing market is heating up. As of March 2026, the median home sale price is $334K, up 1.2% year-over-year. Homes are spending a median of 56 days on the market, 20.0% shorter than a year ago.
There are 162 homes for sale — 23.6% fewer than last year. With 1.8 months of supply, this is a seller's market. 119 new listings were added during this period, down 14.4% year-over-year.
Homes are selling for 98.6% of their list price on average, suggesting room for negotiation. 26.7% of homes sell above their asking price. 27.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
60
Contributing Factors
How This Market Compares
vs. National Median
vs. Virginia Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 24% below the national median, which could indicate stronger cash flow potential.
Harrisonburg, VA metro area Market Trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed Market Metrics
Median List Price
$370K
Price per Sq Ft
$198
Sale-to-List Ratio
98.6%
Months of Supply
1.8
Sold Above List
26.7%
Price Drops
27.2%
New Listings
119
↓ 14.4% YoY
Pending Sales
149
Off Market in 2 Weeks
42.3%
Other Markets in Virginia
Virginia Beach, VA metro area
$367K · 36d on market
Richmond, VA metro area
$405K · 26d on market
Roanoke, VA metro area
$286K · 34d on market
Lynchburg, VA metro area
$305K · 32d on market
Charlottesville, VA metro area
$475K · 45d on market
Winchester, VA metro area
$383K · 60d on market
Staunton, VA metro area
$346K · 41d on market
Blacksburg, VA metro area
$285K · 60d on market
Analyze a deal in Harrisonburg, VA metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.