Is Shenandoah, WV 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 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, WV

How much do homes in Shenandoah, WV cost?

Median Sold Price

$315,355

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,355(+3.4%)

Key Takeaway

Homes in Shenandoah have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Shenandoah was $315,355 in November 2024, up 3.4% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $174.7K$275K
+57.4%
2 $219.2K$215K
-1.9%
3 $289.4K$295K
+1.9%
4 $350K$356.7K
+1.9%
5+ $369.9K$376.9K
+1.9%

Summary: Shenandoah housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Cities

Middleway
+18.3%
Kearneysville
+13.9%
Inwood
+5.1%
Shenandoah
+3.4%
Bunker Hill
-2.0%

Housing Supply in Shenandoah, WV

How many homes are available in Shenandoah, WV?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
132135+2.3%

Summary: The Shenandoah real estate market had 135 homes for sale in November 2024, a 2.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 7579
+5.3%
4 3941
+5.1%
5+ 108
-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 12.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2730+11.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shenandoah, expect to pay close to the asking price. 43.3% of homes here sold near the asking price last month.

Summary: A total of 30 homes were sold or pending in Shenandoah in November 2024, up by 11.1% month-over-month. Of the 30 sold homes, 37% were sold under asking, 43% were sold at asking, and 20% were sold over asking.

Days on Market for Shenandoah, WV

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

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days24 Days-10.9%

Summary: Homes in Shenandoah had an average of 24 days on market in Nov 2024, down by 10.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

8 Homes Were 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, 30 homes were sold in Shenandoah; 73% of homes were sold within 30 days, 27% 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 20 Days Ago

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