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Featured local agent — Harrisonburg, VA
Sarah Mitchell
Compass Real Estate · Harrisonburg, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Harrisonburg, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$289,500median sale price
How is the Harrisonburg, VA housing market right now?
The median home sale price in Harrisonburg, VA is $289,500, down 6.6% year-over-year. Homes sell in an average of 13 days with 33 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Harrisonburg a buyer's or seller's market?
Harrisonburg, VA is currently a strong seller's market, based on 1.2 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
13
Fast-moving
Active listings
33
1.2 months supply
Sale-to-list
99.9%
Below asking
What does the Harrisonburg housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $289,500 |
| Median list price | $339,500 |
| Year-over-year price change | -6.6% |
| Average days on market | 13 days |
| Active inventory | 33 listings |
| Months of supply | 1.2 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $213/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 36 |
| Listings with a price cut | 21.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Harrisonburg by property type?
How the Harrisonburg, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $380,000 | $204/sq ft | 14 | 6 days |
| Condo / Co-op | $210,000 | $212/sq ft | 5 | 14 days |
| Townhouse | $255,000 | $217/sq ft | 9 | 78 days |
Source: Redfin · Updated monthly
The Harrisonburg housing market is currently classified as a strong seller's market with a median sale price of $289,500. Prices have fallen 6.6% compared to last year, with homes spending an average of 13 days on market, indicating 1.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.0x provides context for how home values compare to local earning capacity.
Homes for sale in Harrisonburg
There are currently 33 homes listed for sale in Harrisonburg, Virginia. The median listing price is $340K.
Active listings
33
Homes on market
Median list price
$340K
Avg. days on market
13
Days until sale
New this week
36
Newly listed
Who lives in Harrisonburg?
Population
51,492
Median income
$59,752/yr
Median age
25.4 years
Owner-occupied
39.9%
College grads
36.7%
Avg commute
17.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Harrisonburg?
Zillow home value
$356,744
Zillow rent index
$1,848/mo
Price-to-rent ratio
16.1x
Price-to-income
6.0x
Source: Zillow Research
What is it like to live in Harrisonburg?
Harrisonburg is a community of approximately 51K residents with a median age of 25.4 years.The median household income is $59,752, which represents a working-class community with solid middle-income opportunities. 36.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 39.9%, showing a blend of owner and renter-occupied properties. The average commute time is 17.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Harrisonburg offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Harrisonburg?
14 schools tracked · 7,702 students
The largest public schools serving Harrisonburg, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Harrisonburg High
Grades 9-12 · 1,993 students
Smithland Elementary
Grades PK-5 · 727 students
Skyline Middle
Grades 6-8 · 719 students
Thomas Harrison Middle
Grades 6-8 · 716 students
Bluestone Elementary
Grades PK-5 · 560 students
Waterman Elementary
Grades PK-5 · 559 students
Stone Spring Elementary
Grades PK-5 · 553 students
Keister Elementary
Grades PK-5 · 496 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Harrisonburg, VA?
Want a head-to-head view? Compare Harrisonburg side-by-side with any other U.S. city using our market-comparison tool.
Is Harrisonburg a good real estate investment market?
For investors evaluating Harrisonburg, the price-to-rent ratio of 16.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Harrisonburg's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Harrisonburg's median home price.
Frequently asked questions
What is the average home price in Harrisonburg?
The median home sale price in Harrisonburg is $289,500, down 6.6% from last year.
How long do homes stay on market in Harrisonburg?
Homes typically spend 13 days on market before going under contract.
What is the median income in Harrisonburg?
The median household income is $59,752 per year.
Is Harrisonburg a buyer's or seller's market?
With 1.2 months of supply, Harrisonburg is currently a strong seller's market.
What is the Zillow home value estimate for Harrisonburg?
The Zillow Home Value Index (ZHVI) for Harrisonburg is $356,744, representing the typical home value in the area.
What is the median condo price in Harrisonburg?
The median condo/co-op sale price in Harrisonburg, VA is $210,000, compared to $380,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Harrisonburg?
The median single-family home price in Harrisonburg, VA is $380,000 (about $204 per square foot).
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