47Alpha

Harrisonburg, VA Housing Market Brief

county · VA · as of May 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%
+15.260
Inventory Health25%
+6.565
Affordability20%
9
Economic Strength20%
+2.450
Rental Yield15%
46

Where is Harrisonburg, VA in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Harrisonburg, VA is classified as Matureholding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.

Harrisonburg, VA housing market data

MetricValueYoY
Median Sale Price$290K-6.6%
Median Days on Market13 days▲ +116.7%
Months of Supply1.2-25%
Homes for Sale34-17.1%
Homes Sold28▲ +7.7%
Median Price / Sq Ft$213▲ +15.7%
Sale-to-List Ratio99.8%-2.5%

How has Harrisonburg, VA’s Alpha Score moved?

Now: 47
3-period trend
Median sale price · 12 mo

Markets like Harrisonburg, VA

Frequently asked questions

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

As of May 2026, Harrisonburg, VA is classified as a Balanced Market, based on its Alpha Score of 47 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Harrisonburg, VA?

The median sale price in Harrisonburg, VA is $290K, having fallen 6.6% over the past year.

How affordable is Harrisonburg, VA?

Harrisonburg, VA scores 9 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 (65/100) and its weakest is Affordability (9/100). 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.