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Short Sale Listings in Harrisonburg, VA

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Harrisonburg, VA Foreclosures

How much do homes sell for in Harrisonburg, VA?
The average home price is currently $421,013.
In Harrisonburg, VA, how many homes are available?
There are currently 5 active home listings available in Harrisonburg.
What’s the average rental cost in Harrisonburg, VA?
The average rental price in Harrisonburg is $1,312.
What is the most expensive home in Harrisonburg?
The most expensive home sold in Harrisonburg had a price of $102,414,760.
What is currently the cheapest priced home in Harrisonburg, VA?
The cheapest home for sale in Harrisonburg is priced at $24,847.

Living in Harrisonburg, VA

Harrisonburg is a picturesque city nestled in the Shenandoah Valley of Virginia, known for its rich culture, vibrant downtown, and outdoor recreational opportunities. It's a diverse and welcoming community, highlighted by a thriving local economy and the presence of James Madison University. Residents enjoy a mix of urban amenities and beautiful natural surroundings, making it a great place to live for families, students, and professionals alike.

Current Market Conditions in Harrisonburg, VA

The Harrisonburg real estate market is currently experiencing a moderate increase in home values and a rise in buyer demand. With interest rates fluctuating, many first-time homebuyers are entering the market, seeking both starter homes and investment properties. The presence of James Madison University continues to drive demand, as rental properties become an attractive investment for those looking to capitalize on the student population.

As inventory remains low in certain price ranges, it has led to competitive bidding situations in some neighborhoods, particularly those close to the university. Sellers are finding success selling their homes quickly, often receiving offers above the asking price due to the increased demand.

Home Value Estimator For Harrisonburg, VA

There are currently 11,271 real estate properties in Harrisonburg, VA, with a median automated valuation model (AVM) price of $320,886.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Harrisonburg, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Harrisonburg, VA, is $421,013.00, with the most expensive house in Harrisonburg, VA, topping out at $102,414,760.00 and the cheapest home in Harrisonburg, VA, clocking in at $24,847.00. In other words, there’s something for every potential homebuyer or savvy investor in Harrisonburg, VA!

Rent Prices In Harrisonburg, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Harrisonburg, VA, is on a rollercoaster ride. The average rent price in Harrisonburg, VA, is $1,312.00. Indeed, when looking to rent in Harrisonburg, VA, you can expect to pay as little as $630.00 or as much as $4,700.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Harrisonburg, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Harrisonburg, VA Short Sale Listings


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