$19,000
0.42 Acres
Land
Kathy L McLendon
Is Shenandoah, VA 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 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, VA
How much do homes in Shenandoah, VA cost?
Median Sold Price
$350,500
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+3.1%)
Key Takeaway
Homes in Shenandoah have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Shenandoah was $350,500 in October 2024, up 3.1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | $47.9K | -76.5% |
| 2 Bedrooms | $252.5K | $252.5K | 0.0% |
| 3 Bedrooms | $350K | $385K | +10.0% |
| 4 Bedrooms | $377.5K | $365K | -3.3% |
| 5+ Bedrooms | $590K | $429.5K | -27.2% |
Summary: Shenandoah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 27.2%.
Median Sold Price Compared To Nearby Cities
| North River | $330K | $384K | +16.4% |
| Front Royal | $349.3K | $379.2K | +8.6% |
| Happy Creek | $379.9K | $400K | +5.3% |
| Linden | $379.9K | $400K | +5.3% |
| Shenandoah | $340K | $350.5K | +3.1% |
Housing Supply in Shenandoah, VA
How many homes are available in Shenandoah, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 77 | +8.5% |
Summary: The Shenandoah real estate market had 77 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 43 | 42 | -2.3% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
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 decreased by 2.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 9 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Shenandoah in October 2024, down by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 35 Days | -10.4% |
Summary: Homes in Shenandoah had an average of 35 days on market in Oct 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 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, 9 homes were sold in Shenandoah; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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.