Market Intelligence Report — VA-500

Harrisonburg, VA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-VA-08
As of the latest 2026 data
Very Competitive

Median Listing

$430K
+7.7% YoY

Pending Ratio

0.86
-4.0% YoY

Active Inventory

220
-11.3% YoY

Median DOM

53 Days
+0.0% YoY

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The Harrisonburg market is currently Very Competitive, characterized by a high demand absorption rate relative to available supply. The pending ratio stands at 0.86, indicating strong buyer activity despite a 7.0% month-over-month decline in the median listing price.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Harrisonburg market right now.

Inventory levels remain constrained, with active listings down 11.3% year-over-year and new listings contracting by 6.9% over the same period. While the median listing price has increased by 7.7% year-over-year, the most recent month saw a notable 7.0% month-over-month decrease. The pending ratio, though robust at 0.86, has experienced a 4.0% year-over-year decline.

Historical Analysis

Market Trends

Median Price

$430K-7.0% MoM

Active Inventory

220-11.3% YoY

Days on Market

53+0.0% YoY

Sold Score™

86-4.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

86
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The elevated pending ratio suggests that properties are being absorbed rapidly, creating an environment where swift decisions are generally required from prospective purchasers. The contraction in active listings exerts upward pressure on transactional pace and limits opportunities for extensive price negotiation. Listing agents may observe greater discipline in pricing strategies given persistent demand.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

220 active listings represent the current floor, with new supply arriving at roughly 108 per month.

Pricing Pressure
15.7%

of active listings carry a price reduction, +1.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.8% year-over-year.

Absorption
0.86

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Harrisonburg, VA? Inventory is down 11% from last year.

Demand in Harrisonburg, VA is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
86%
Median Days on Market
53 days
Inventory YoY
−11%

Demand is strong in Harrisonburg, VA. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Harrisonburg, VA
CBSA Code
25500
State
VA

ZIPs in Harrisonburg, VA

Sorted by active inventory · click a ZIP for its full report