$4,928 Closing Credit*
$415,000
1,572 SqFt
3 Beds
•1 Full Bath, 2 Partial
Kerri Norris, Listing Office: HomeSmart Realty
Is Shenandoah, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Shenandoah was a Buyer'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, CO
How much do homes in Shenandoah, CO cost?
Median Sold Price
$439,950
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$53,050(-10.8%)
Key Takeaway
Homes in Shenandoah have sold for 10.8% less than they did a year ago.
Summary: The median home sold price in Shenandoah was $439,950 in October 2024, down 10.8% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256.5K | $230K | -10.3% |
| 2 Bedrooms | $324K | $321.5K | -0.8% |
| 3 Bedrooms | $512.5K | $527.5K | +2.9% |
| 4 Bedrooms | $597K | $620K | +3.9% |
| 5+ Bedrooms | $730K | $695K | -4.8% |
Summary: Shenandoah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in Shenandoah, CO
How many homes are available in Shenandoah, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 54 | +10.2% |
Summary: The Shenandoah real estate market had 54 homes for sale in October 2024, a 10.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 13 | 21 | +61.5% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Shenandoah housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 61.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Shenandoah in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.
Days on Market for Shenandoah, CO
How long does it take to sell a home in Shenandoah, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 34 Days | +48.9% |
Summary: Homes in Shenandoah had an average of 34 days on market in Oct 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shenandoah are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Shenandoah; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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