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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shenandoah is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 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, TX

How much do homes in Shenandoah, TX cost?

Median Sold Price

$617,500

$215/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$250,000(+68.0%)

Key Takeaway

Homes in Shenandoah have sold for 68% more than they did a month ago.

Summary: The median home sold price in Shenandoah was $617,500 in November 2024, up 68% from last month, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$430K
N/A
3 $375K$805K
+114.7%
4 $360K$1.3M
+281.9%
5+ --
N/A

Summary: Shenandoah housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 114.7%, 4 bedroom homes increased by 281.9%, and 5+ bedroom homes did not change.

Housing Supply in Shenandoah, TX

How many homes are available in Shenandoah, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2022+10.0%

Summary: The Shenandoah real estate market had 22 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 89
+12.5%
4 1010
0.0%
5+ 11
0.0%

Summary: The Shenandoah housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Shenandoah in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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 2024Nov 2024CHANGE
47 Days23 Days-50.5%

Summary: Homes in Shenandoah had an average of 23 days on market in Nov 2024, down by 50.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shenandoah are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Shenandoah; 75% of homes were sold within 30 days, 25% 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 17 Days Ago

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