$1,633 Closing Credit*
$137,500
896 SqFt
2 Beds
•1 Full Bath
Grace Fowler, Listing Office: Samson Properties
Is Shenandoah, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, VA
How much do homes in Shenandoah, VA cost?
Median Sold Price
$360,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+7.5%)
Key Takeaway
Homes in Shenandoah have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Shenandoah was $360,000 in November 2024, up 7.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | $47.9K | -76.5% |
| 2 Bedrooms | $235.5K | $259K | +10.0% |
| 3 Bedrooms | $350K | $385K | +10.0% |
| 4 Bedrooms | $370K | $387.4K | +4.7% |
| 5+ Bedrooms | $590K | $429.5K | -27.2% |
Summary: Shenandoah housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 27.2%.
Median Sold Price Compared To Nearby Cities
| North River | $320K | $389K | +21.6% |
| Front Royal | $350K | $382K | +9.1% |
| Shenandoah | $335K | $360K | +7.5% |
| Linden | $380K | $400K | +5.3% |
| Happy Creek | $390K | $410K | +5.1% |
Housing Supply in Shenandoah, VA
How many homes are available in Shenandoah, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 75 | +15.4% |
Summary: The Shenandoah real estate market had 75 homes for sale in November 2024, a 15.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 38 | 44 | +15.8% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
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 decreased by 22.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Shenandoah in November 2024, up by 63.6% month-over-month. Of the 18 sold homes, 39% were sold under asking, 28% were sold at asking, and 33% were sold over asking.
Days on Market for Shenandoah, VA
How long does it take to sell a home in Shenandoah, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +38.1% |
Summary: Homes in Shenandoah had an average of 31 days on market in Nov 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 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 November 2024, 18 homes were sold in Shenandoah; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.