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Penn Laird Housing Market Report February 2025•Rockingham County, Virginia
Housing Prices in Penn Laird, VA
How much do homes in Penn Laird, VA cost?
Housing Market Conditions
Is Penn Laird, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Penn Laird is a Seller's Market
Difference Since February 2024
Since last year, Penn Laird has remained a Seller's Market.
Insight
Penn Laird is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$485,000$197/SqFt
+$5,000
+1.0%
Based on all homes sold in the last 12 months
Insight
Homes in Penn Laird have sold for 1% more than they did a year ago.
Summary: The median home sold price in Penn Laird was $485,000 in February 2025, up 1% from last year, and the median price per square foot was $197.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Mc Gaheysville | $405K | $485K | +19.8% |
| Stonewall | $343K | $380K | +10.8% |
| Harrisonburg | $320K | $350K | +9.4% |
| Penn Laird | $480K | $485K | +1.0% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | $1.0M | N/A |
| 33 Bedrooms | $379K | $365K | -3.7% |
| 44 Bedrooms | $490K | $485K | -1.0% |
| 55+ Bedrooms | $782K | $606K | -22.5% |
Summary: Penn Laird housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -3.7%. The home price for 4 bedroom homes decreased by -1.0%. The home price for 5 bedroom homes decreased by -22.5%.
How does Penn Laird, VA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Penn Laird, VA
Housing supply in Penn Laird, VA
How many homes are available in Penn Laird, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthFeb 2025 | ||
| 42 months agoJan 2025 | -25.0 % Change MoMJan – Feb |
Summary: The Penn Laird real estate market had 3 homes for sale in Feb 2025, a 25.0 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthFeb 2025 | ||
| 12 months agoJan 2025 | +200.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 1 | 1 | 0.0% |
| 44 Bedrooms | 3 | 1 | -66.7% |
| 55+ Bedrooms | 0 | 1 | +100.0% |
Summary: Penn Laird housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -66.7%. The inventory for 5 bedroom homes increased by +100.0%.
Asking Price vs. Sold Price
How much do homes in Penn Laird, VA cost?
Over Asking Price2 Homes
At Asking Price0 Home
Under Asking Price0 Home
Insight
If you're buying a home in Penn Laird, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Penn Laird in February 2025, up by 200.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.
Days on Market for Penn Laird, VA
How long does it take to sell a home in Penn Laird, VA?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Penn Laird are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 3 homes were sold in Penn Laird; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 11 DaysThis YearFeb 2025 | ||
| 6 Days1 year agoFeb 2024 | +83.3 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Penn Laird had an average listing age of 11 days in Feb 2025, up by 83.3% compared to the previous year.
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Newest Listings in Penn Laird, VA
What homes are available in Penn Laird, VA?
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MLS Disclaimers and Copyright
Based on information from Harrisonburg-Rockingham Association of Realtors MLS, for the period 03/01/2023 - 03/01/2025
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS®. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright © 2025 Charlottesville Area Association of REALTORS®, Greater Augusta Association of REALTORS® and Harrisonburg-Rockingham Association of REALTORS®. All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:45:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.