Is Shawnee, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$386,900
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Shawnee has remained the same since last year.
Summary: The median home sold price in Shawnee was $386,900 in March 2024, up 0.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $216K | $250K | +15.7% |
| 3 Bedrooms | $330K | $365K | +10.6% |
| 4 Bedrooms | $450K | $469.5K | +4.3% |
| 5+ Bedrooms | $532K | $531.5K | -0.1% |
Summary: Shawnee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Winchester | $333.5K | $367.2K | +10.1% |
| Stephens City | $350K | $380K | +8.6% |
| Red Bud | $353.5K | $375.5K | +6.2% |
| Opequon | $413.5K | $425K | +2.8% |
| Shawnee | $385K | $386.9K | 0.5% |
Housing Supply in Shawnee, VA
How many homes are available in Shawnee, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 73 | +15.9% |
Summary: The Shawnee real estate market had 73 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 17 | 23 | +35.3% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Shawnee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 17 | +112.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shawnee, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Shawnee in March 2024, up by 112.5% month-over-month. Of the 17 sold homes, 18% were sold under asking, 53% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 27 Days | +18.7% |
Summary: Homes in Shawnee had an average of 27 days on market in Mar 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
13 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 March 2024, 17 homes were sold in Shawnee; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
