43Alpha

Harrisonburg, VA Housing Market Brief

county · VA · score computed October 2026

Balanced

What is Harrisonburg, VA’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
●51
Inventory Health25%
●63

Population band 4 of 5 (population 39,232–102,612) · comparable within its band

Affordability20%
●10
Economic Strength20%
●56
Rental Yield15%
●28

Where is Harrisonburg, VA in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Harrisonburg, VA is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Harrisonburg, VA?

County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.

Harrisonburg, VA housing market data

MetricValueYoYSource
Median Sale Price$249K▼ -21.7%Redfin
Median Days on Market15 days▲ +15.4%Redfin
Months of Supply2.9▲ +45%Redfin
Homes for Sale50▲ +4.2%Redfin
Homes Sold17▼ -29.2%Redfin
Median Price / Sq Ft$203▲ +7%Redfin

How has Harrisonburg, VA’s Alpha Score moved?

Now: 43
2-period trend
Median sale price · 12 mo

Markets like Harrisonburg, VA

Frequently asked questions

Is Harrisonburg, VA a buyer's or seller's market?

In the scores computed October 2026, Harrisonburg, VA is classified as a Balanced Market, based on its Alpha Score of 43 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Harrisonburg, VA?

The median sale price in Harrisonburg, VA is $249K, having fallen 21.7% over the past year, according to Redfin.

How affordable is Harrisonburg, VA?

Harrisonburg, VA scores 10 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Harrisonburg, VA's Alpha Score?

Harrisonburg, VA's strongest dimension is Inventory Health (63/100) and its weakest is Affordability (10/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Harrisonburg, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.