Is Shenandoah, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Shenandoah has remained a Seller's Market.
Key Takeaway
Shenandoah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shenandoah, VA
How much do homes in Shenandoah, VA cost?
Median Sold Price
$350,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Shenandoah has remained the same since last year.
Summary: The median home sold price in Shenandoah was $350,000 in April 2024, the same as last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $175K | +1.4% |
| 2 Bedrooms | $250K | $220K | -12.0% |
| 3 Bedrooms | $360K | $365K | +1.4% |
| 4 Bedrooms | $419.2K | $365K | -12.9% |
| 5+ Bedrooms | $413K | $625K | +51.3% |
Summary: Shenandoah housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 51.3%.
Median Sold Price Compared To Nearby Cities
| Happy Creek | $337.2K | $400K | +18.6% |
| Front Royal | $315K | $369.6K | +17.3% |
| Linden | $349.9K | $400K | +14.3% |
| Shenandoah | $349.9K | $350K | 0.0% |
| North River | $350K | $334.9K | -4.3% |
Housing Supply in Shenandoah, VA
How many homes are available in Shenandoah, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 79 | +16.2% |
Summary: The Shenandoah real estate market had 79 homes for sale in April 2024, a 16.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Shenandoah housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Shenandoah in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -35.9% |
Summary: Homes in Shenandoah had an average of 15 days on market in Apr 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shenandoah are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Shenandoah; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% 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.