Is Shenandoah, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shenandoah is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Shenandoah was a Seller's Market.

Key Takeaway

Shenandoah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Shenandoah, TX

How much do homes in Shenandoah, TX cost?

Median Sold Price

$490,250

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,750(+9.8%)

Key Takeaway

Homes in Shenandoah have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Shenandoah was $490,250 in October 2024, up 9.8% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $248.2K$420K
+69.2%
3 $553.5K$576K
+4.1%
4 $690K$490K
-29.0%
5+ $403.5K$435K
+7.8%

Summary: Shenandoah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Shenandoah
+9.8%
Spring
+6.3%
Southeast Montgomery
0.3%

Housing Supply in Shenandoah, TX

How many homes are available in Shenandoah, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1720+17.6%

Summary: The Shenandoah real estate market had 20 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 78
+14.3%
4 810
+25.0%
5+ 11
0.0%

Summary: The Shenandoah housing inventory by bedroom type for October 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 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shenandoah, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Shenandoah in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Shenandoah, TX

How long does it take to sell a home in Shenandoah, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days47 Days+10.5%

Summary: Homes in Shenandoah had an average of 47 days on market in Oct 2024, up by 10.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Shenandoah has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Shenandoah; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Shenandoah, TX

Nearby Markets to Shenandoah, TX

What housing markets are near Shenandoah, TX?