$3,561 Closing Credit*
$299,900
1,673 SqFt
3 Beds
•2 Full Baths
Daniel J Whitacre, Listing Office: Colony Realty
Is Shawnee, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Shawnee has remained a Seller's Market.
Key Takeaway
Shawnee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shawnee, VA
How much do homes in Shawnee, VA cost?
Median Sold Price
$429,900
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$40,000(+10.3%)
Key Takeaway
Homes in Shawnee have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Shawnee was $429,900 in September 2024, up 10.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $245.5K | +6.7% |
| 3 Bedrooms | $366.5K | $405K | +10.5% |
| 4 Bedrooms | $475K | $478.4K | +0.7% |
| 5+ Bedrooms | $529K | $574.9K | +8.7% |
Summary: Shawnee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Shawnee | $389.9K | $429.9K | +10.3% |
| Red Bud | $360K | $392.5K | +9.0% |
| Winchester | $362.4K | $386.5K | +6.7% |
| Stephens City | $381K | $399.9K | +5.0% |
| Opequon | $435K | $428.3K | -1.5% |
Housing Supply in Shawnee, VA
How many homes are available in Shawnee, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 66 | 69 | +4.5% |
Summary: The Shawnee real estate market had 69 homes for sale in September 2024, a 4.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 27 | 35 | +29.6% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Shawnee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 29.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
5 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 Shawnee, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Shawnee in September 2024, down by 23.8% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Shawnee, VA
How long does it take to sell a home in Shawnee, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 37 Days | +24.0% |
Summary: Homes in Shawnee had an average of 37 days on market in Sep 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shawnee are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 16 homes were sold in Shawnee; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
