Is Shenandoah, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 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
$675,450
$468/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Shenandoah have sold for 173.5% more than they did a month ago.
Summary: The median home sold price in Shenandoah was $675,450 in March 2024, up 173.5% from last month, and the median price per square foot was $468.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $311.5K | $675.4K | +116.8% |
| 4 Bedrooms | $247K | - | N/A |
| 5+ Bedrooms | $283K | - | N/A |
Summary: Shenandoah housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 116.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Shenandoah | $247K | $675.4K | +173.5% |
| Stonewall | $323.5K | $365.7K | +13.1% |
Housing Supply in Shenandoah, VA
How many homes are available in Shenandoah, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Shenandoah real estate market had 17 homes for sale in March 2024, a 6.3% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Shenandoah 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Shenandoah in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 1 Day | -98.8% |
Summary: Homes in Shenandoah had an average of 1 days on market in Mar 2024, down by 98.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shenandoah are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Shenandoah; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.