Harrisonburg Real Estate Market Report: August 2024 [INFOGRAPHIC]

The crisp air of fall has arrived and so have the latest real estate trends in our area! New listings hitting the market are up by 4% over the past 12 months. Buyer urgency, with homes closing in less than 30 days, is down 4% from 2023—but up a whopping 8% from July! Home sales have increased by 9% from last month as well. And the median sales price has climbed to $339,000, marking a 6% rise from last year. These shifts create valuable opportunities for both buyers and sellers, making now an opportune moment to dive into the real estate market.

Curious about how these changes might affect you? Connect with one of our real estate specialists for tailored insights into your local market. We can assist you with everything from pricing and marketing strategies to navigating the entire selling process. If you're considering listing your home this year, don’t hesitate to reach out to us for expert advice!

If you're interested in starting the home search, we'd be more than happy to guide you through the ins and outs of purchasing from contract to closing. Stay tuned for more Market Trends… right here on Harrisonblog.

About Celeste Baker

Celeste graduated from the University of Virginia in 2011 with a bachelors degree in Sociology before starting her career in Real Estate Administration. Celeste assists the team of agents with transaction processing and marketing. Celeste Baker is a native of Woodbridge, VA. She moved to Harrisonburg in 2020 with her husband, Calvin, and their two children, after Calvin accepted a job with JMU. Go Dukes! Outside of the office, Celeste enjoys traveling with her family. She is a lover of books, as well as an amateur chef and gardener.