Is Shenandoah County, 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, Shenandoah County has remained a Seller's Market.
Key Takeaway
Shenandoah County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shenandoah County, VA
How much do homes in Shenandoah County, VA cost?
Median Sold Price
$315,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shenandoah County have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Shenandoah County was $315,000 in March 2024, up 7.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $137.5K | +7.8% |
| 2 Bedrooms | $189K | $200K | +5.8% |
| 3 Bedrooms | $300K | $320.3K | +6.8% |
| 4 Bedrooms | $349.9K | $360K | +2.9% |
| 5+ Bedrooms | $450K | $468K | +4.0% |
Summary: Shenandoah County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Counties
| Warren County | $336.8K | $376.2K | +11.7% |
| Shenandoah County | $292K | $315K | +7.8% |
| Hardy County | $250K | $265K | +6.0% |
| Frederick County | $378.6K | $399.9K | +5.6% |
| Page County | $289.9K | $269.3K | -7.1% |
Housing Supply in Shenandoah County, VA
How many homes are available in Shenandoah County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 270 | 291 | +7.8% |
Summary: The Shenandoah County real estate market had 291 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 38 | 39 | +2.6% |
| 3 Bedrooms | 149 | 157 | +5.4% |
| 4 Bedrooms | 55 | 62 | +12.7% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Shenandoah County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 50 | +56.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah County, you may be able to get a good deal. 36% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Shenandoah County in March 2024, up by 56.3% month-over-month. Of the 50 sold homes, 36% were sold under asking, 28% were sold at asking, and 36% were sold over asking.
Days on Market for Shenandoah County, VA
How long does it take to sell a home in Shenandoah County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 45 Days | +31.7% |
Summary: Homes in Shenandoah County had an average of 45 days on market in Mar 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shenandoah County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 50 homes were sold in Shenandoah County; 66% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
