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"There's enough fun in the world for everybody to have some." ~George Horace Lorimer
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March 7, 2025
Town Snapshot:
Tucked in the beautiful Shenandoah Valley outside of Washington, D.C., Harrisonburg boasts an inviting downtown, an active arts community, a lively collegiate vibe and more.
As of early 2025, the real estate market in Harrisonburg, Virginia, is exibiting growth, with modest increases in home values and prices.
Real Estate Market Overview:
Home Values and Prices: The average home value in Harrisonburg is approximately $318,746, reflecting a 2% year-over-year increase. The median sale price reached $350,000 in February 2025, marking a 2% rise compared to the previous year.
Market Activity: Homes typically go under contract within about 40 days, indicating a somewhat competitive market. Inventory levels are relatively low, with 108 active listings in February 2025, a 6% decrease from January 2025.
Popular Neighborhoods
Old Town: In the heart of Harrisonburg, Old Town is known for its historic charm and vibrant downtown atmosphere. It features a mix of old homes, historic buildings, and modern amenities.
Fairview: A quiet, residential neighborhood, Fairview has a mix of older homes and newer builds. It's known for its tree-lined streets and family-friendly vibe.
Economic Outlook
Harrisonburg has a stable and diverse economy supported by several key industries, with a particular emphasis on education, agriculture, light manufacturing, and healthcare.
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