Harrisonburg, VA 22801 Real Estate Market Report

ZIP Code: 22801
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary market value signal is the $352,000 median sold price, which represents the most reliable indicator of recent transaction activity and suggests that completed sales are tracking well below asking expectations signaled by the $493,900 median listing price; flat year-over-year price trend further supports price stability rather than strong upward movement.

2. 274 median days on market points to slower sales velocity and extended marketing times for listed SFR and condominium stock, which may indicate pricing friction or buyer selectivity even as the market remains classified as hot in temperature.

3. Rising rental pressure, shown by the $1,400 median market rent and an up rent year-over-year trend, supports sustained investor and renter demand and may sustain purchase interest despite sales velocity headwinds.

4. Affordability and financing risks are notable given elevated interest rate pressure; combined with relatively constrained active supply in the analyzed sample, this mix suggests sellers can still find opportunities but should be mindful of extended days on market and align price expectations with completed sales rather than asking prices.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Harrisonburg, VA 22801 Real Estate Market Report

ZIP Code: 22801
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary indicator, median sold price, is 232,000, which anchors current market value and supports the characterization of the area as a hot seller's market based on transaction evidence and market temperature.

2. The market is trading at a median price per square foot of 182 while rental demand shows a median market rent of 1,800; together these metrics suggest sales pricing remains supported by persistent rental demand and a up rent trend.

3. Liquidity appears competitive but nuanced: with a sample of 61 total sold properties analyzed, priced transaction activity is steady while broader conditions point to flat price momentum year-over-year and potential elevated interest rate pressure that may constrain affordability.

4. Price momentum is explicitly flat year-over-year (price year-over-year trend: flat), while rent is rising (rent year-over-year trend: up)—this combination suggests sellers should be disciplined on pricing and buyers should budget for elevated financing costs when structuring offers.

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Notable Properties

The following 7 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.