$345,000
That is the median sales price across Harrisonburg and Rockingham County over the trailing twelve months, essentially flat as we open 2026. It has slipped less than 1% over the past year, from about $346,000 to $345,000.
January is always a quiet month in the Valley, and this one followed the script. But underneath the seasonal calm, the data tells a steady, balanced story: sales holding even with a year ago, more homes coming to market than buyers saw last winter, and mortgage rates holding at 6.10%. Here is what the numbers say as the year begins.
Sales held steady
There were 86 home sales in Harrisonburg and Rockingham County in January, about the same as last January. Over the trailing twelve months (February through January), the number of homes selling is down a slight 1%. In other words, the market neither surged nor stalled to start the year. It simply held its ground.
Contract activity tells a similar story. The 99 contracts signed in January ran a bit ahead of the 97 signed last January, though still below the four-year average of 108 January contracts. Buyers are active, but not in the frenzied way we saw earlier this decade.
Buyers have more to choose from
The most encouraging shift for buyers is on the supply side. A year ago there were 140 homes for sale across Harrisonburg and Rockingham County. Today there are 165. That is a meaningful improvement in choice for anyone shopping this winter, and it continues a trend of inventory running ahead of the prior year.
More inventory does not mean prices are falling. It means the market is loosening from the extreme scarcity of recent years toward something more balanced. For buyers who sat out 2024 and 2025 for lack of options, there is simply more to look at now.
Homes are still selling quickly
Even with more inventory, well-presented homes are not sitting. The median time from listing to contract sat near 11 days over the six months ending in January. That is a normal, healthy pace for the Valley, faster than most of the country, and a reminder that a fairly priced, well-prepared home still moves.
Mortgage rates at 6.10%
The average 30-year fixed-rate mortgage was 6.10% at the end of January. Rates at that level modestly improve buying power, and they are part of why contract activity has held up through the winter.
As always, rates move in both directions and no one can forecast the next turn. Buyers who plan around a monthly payment they can comfortably sustain, rather than a rate they are hoping to catch, tend to make the steadier decision.
The takeaway
The Valley enters 2026 balanced. Sales are steady, prices are flat, inventory is improving for buyers, and rates are holding at 6.10%. It is not a dramatic market, and after the last several years, that is a welcome thing.
If you are thinking about buying or selling this year and want a clear read on what these numbers mean for your specific home or budget, the Valley Homes Team is here to help.
Valley Homes Team is committed to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, national origin, or any other protected class.
Sources: Harrisonburg Housing Market Stabilizes as Inventory Rises and Prices Hold Steady (Scott Rogers, Funkhouser Real Estate Group); Freddie Mac Primary Mortgage Market Survey.