November 2025 · By The Valley Homes Team · Market Updates
The Harrisonburg and Rockingham County real estate market continued to show stability and gradual shifts this November. Whether you're preparing to sell, thinking about buying, or simply watching the market, understanding the trends helps you make informed, confident decisions.
Below is a concise breakdown of how home prices, inventory, and sales activity changed over the past year — plus practical takeaways for buyers and sellers.
Key Market Highlights — November 2025
Year-to-Date Market Trends
January–November 2025 Snapshot
Total homes sold: 1,230 homes (-5% compared to 1,292 last year)
Median sales price: $345,730 (flat compared to $346,015 last year)
Median days on market: 9 days (up from 6 days last year)
Recent trend: Over the past six months (June–November), sales have been nearly identical: 746 this year vs. 743 last year
Key Insight: While year-to-date sales are down 5%, the second half of 2025 has shown stabilization with sales activity matching 2024 levels. Prices have remained remarkably stable across nearly all market segments.
What These Trends Mean for Sellers
- Homes are still selling — just not as quickly. Sales counts are down modestly and days on market have increased from 6 to 9 days, so prepare for slightly longer marketing time and avoid assuming you'll receive an immediate offer.
- Stable pricing supports strong list prices. Despite fewer sales, prices have held steady across nearly every category, signaling that well-priced homes are selling at favorable prices without needing deep discounts.
- More competition means preparation matters. With inventory higher than last year and buyers having more choices, you'll benefit from a strong pricing strategy, thoughtful preparation of your home, and ensuring your home stands out both online and in person.
- Price strategically. Balanced inventory makes accurate pricing critical from day one.
- Presentation matters. Staging and repairs improve showings and offers in a market where buyers have more options.
What These Trends Mean for Buyers
- More options and a slightly slower pace. Inventory is higher than last year and homes are taking a bit longer to go under contract (median 9 days vs. 6), giving you more breathing room and choice than in recent years.
- Prices are stable — not surging. Median prices have been remarkably flat over the past year, creating a more predictable pricing environment for buyers entering the market.
- Interest rates are trending down. After three years of 6%+ rates, today's rates are lower than most months in that timeframe — improving affordability and potentially creating more opportunities as we move into 2026.
- Plan your offers strategically. Pre-approval and strategic terms still win deals, even in a slightly more balanced market.
- Be selective but decisive. More inventory means you can be choosier, but well-priced, well-prepared homes still move quickly.
Local Insight from The Valley Homes Team
The Harrisonburg & Rockingham market remains a stable pocket in Virginia thanks to steady job growth, JMU/EMU demand, low new-construction inventory, and investor interest in long-term rentals.
The market has shown remarkable resilience with prices holding steady despite a modest decline in sales volume. The key differentiator in today's market is preparation and positioning — homes that are priced correctly and presented well are still attracting strong buyer interest and selling at favorable prices.
Looking ahead: With mortgage rates trending downward and inventory stabilizing, we expect the spring 2026 market to bring renewed buyer activity. Sellers who prepare now will be positioned to capitalize on that momentum.
Our clients benefit from a Market Prep Program, data-driven pricing, high-end marketing, and calm, expert negotiating.
Thinking About Buying or Selling?
Whether you're preparing to list your home this spring or starting your home search, we're here to help you navigate the market with confidence.
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Funkhouser Real Estate Group — Helping you love where you live.
Market data compiled from Harrisonburg-Rockingham Association of REALTORS® MLS. This report was prepared by The Valley Homes Team to provide insight into local market conditions. Every situation is unique—contact us for personalized advice.
