$8,313 Closing Credit*
$700,000
3,649 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brian Keith Yoder, Listing Office: Realty ONE Group Old Towne
Is Shenandoah County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$325,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$25,000(+8.3%)
Key Takeaway
Homes in Shenandoah County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Shenandoah County was $325,000 in August 2024, up 8.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.7K | $170K | +27.1% |
| 2 Bedrooms | $190.1K | $212.2K | +11.7% |
| 3 Bedrooms | $310K | $334.3K | +7.8% |
| 4 Bedrooms | $349.9K | $365K | +4.3% |
| 5+ Bedrooms | $515K | $468K | -9.1% |
Summary: Shenandoah County housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Counties
| Hardy County | $248K | $322.5K | +30.0% |
| Warren County | $350K | $380.3K | +8.7% |
| Shenandoah County | $300K | $325K | +8.3% |
| Frederick County | $389.9K | $415K | +6.4% |
| Page County | $289K | $269.1K | -6.9% |
Housing Supply in Shenandoah County, VA
How many homes are available in Shenandoah County, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 198 | 208 | +5.1% |
Summary: The Shenandoah County real estate market had 208 homes for sale in August 2024, a 5.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 31 | 27 | -12.9% |
| 3 Bedrooms | 109 | 108 | -0.9% |
| 4 Bedrooms | 37 | 48 | +29.7% |
| 5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The Shenandoah County housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 46 | 47 | +2.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
9 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. 42.6% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Shenandoah County in August 2024, up by 2.2% month-over-month. Of the 47 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +59.5% |
Summary: Homes in Shenandoah County had an average of 31 days on market in Aug 2024, up by 59.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 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 August 2024, 47 homes were sold in Shenandoah County; 64% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
