Is Shenandoah, WV 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, Shenandoah has remained a Seller's Market.
Key Takeaway
Shenandoah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shenandoah, WV
How much do homes in Shenandoah, WV cost?
Median Sold Price
$305,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shenandoah have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Shenandoah was $305,000 in May 2024, up 3.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.5K | $207.5K | -1.0% |
| 2 Bedrooms | $200K | $235K | +17.5% |
| 3 Bedrooms | $273.3K | $290K | +6.1% |
| 4 Bedrooms | $350K | $350K | 0.0% |
| 5+ Bedrooms | $372.4K | $395.5K | +6.2% |
Summary: Shenandoah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Middleway | $370K | $414.5K | +12.0% |
| Kearneysville | $370K | $387.6K | +4.8% |
| Shenandoah | $293.6K | $305K | +3.9% |
| Inwood | $299K | $304.5K | +1.8% |
| Bunker Hill | $305.7K | $309K | +1.1% |
Housing Supply in Shenandoah, WV
How many homes are available in Shenandoah, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 119 | 139 | +16.8% |
Summary: The Shenandoah real estate market had 139 homes for sale in May 2024, a 16.8% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 76 | 82 | +7.9% |
| 4 Bedrooms | 34 | 49 | +44.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Shenandoah 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 remained the same, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Shenandoah in May 2024, up by 14.3% month-over-month. Of the 32 sold homes, 28% were sold under asking, 34% were sold at asking, and 38% were sold over asking.
Days on Market for Shenandoah, WV
How long does it take to sell a home in Shenandoah, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -17.8% |
Summary: Homes in Shenandoah had an average of 23 days on market in May 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shenandoah are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Shenandoah; 88% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
