Harrisonburg Real Estate Market Report: October 2024 [INFOGRAPHIC]

Looking back at October's data, the real estate market shows continued growth and resilience! New property listings have risen by 7% over the past year and a remarkable 30% compared to last October, signaling a fresh wave of activity in our area. Pending sales have jumped 20% from last year, and while the number of homes closing within 30 days of listing is down 9% from 2023, it's up 17% from last month—a possible sign of quicker transactions on the horizon. Year-to-date sales have increased by 7%, with the average price per square foot now at $198, reflecting a 6% rise. Homes are selling faster, with the median days on the market down by three days from October 2023. The median home price now stands at $342,290, marking a 5% increase from last year’s $325,000. With positives for buyers and sellers alike, it's a great time to be in or on the market!

Curious about how these market 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

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.