Is Shawnee, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Shawnee has remained a Seller's Market.
Key Takeaway
Shawnee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shawnee, VA
How much do homes in Shawnee, VA cost?
Median Sold Price
$400,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shawnee have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Shawnee was $400,000 in May 2024, up 6.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221K | $250K | +13.1% |
| 3 Bedrooms | $340K | $380K | +11.8% |
| 4 Bedrooms | $465K | $475K | +2.2% |
| 5+ Bedrooms | $532K | $529K | -0.6% |
Summary: Shawnee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Red Bud | $350K | $385K | +10.0% |
| Winchester | $342K | $374.8K | +9.6% |
| Stephens City | $360K | $393.2K | +9.2% |
| Shawnee | $375K | $400K | +6.7% |
| Opequon | $430K | $428.7K | -0.3% |
Housing Supply in Shawnee, VA
How many homes are available in Shawnee, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 66 | +3.1% |
Summary: The Shawnee real estate market had 66 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Shawnee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 21 | +61.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shawnee, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Shawnee in May 2024, up by 61.5% month-over-month. Of the 21 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for Shawnee, VA
How long does it take to sell a home in Shawnee, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 29 Days | +54.4% |
Summary: Homes in Shawnee had an average of 29 days on market in May 2024, up by 54.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shawnee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Shawnee; 76% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
