$159,900
5.84 Acres
Land
Renee Whitmore, Listing Office: Old Dominion Realty
Is Shenandoah, 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 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
$357,450
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$8,000(+2.3%)
Key Takeaway
Homes in Shenandoah have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Shenandoah was $357,450 in August 2024, up 2.3% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | $47.9K | -76.5% |
| 2 Bedrooms | $250K | $267K | +6.8% |
| 3 Bedrooms | $360K | $375K | +4.2% |
| 4 Bedrooms | $388K | $375K | -3.4% |
| 5+ Bedrooms | $486K | $532.5K | +9.6% |
Summary: Shenandoah housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.5%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Front Royal | $335K | $375K | +11.9% |
| North River | $334.9K | $370.2K | +10.6% |
| Happy Creek | $365K | $400K | +9.6% |
| Linden | $365K | $398.9K | +9.3% |
| Shenandoah | $349.4K | $357.4K | +2.3% |
Housing Supply in Shenandoah, VA
How many homes are available in Shenandoah, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 84 | 79 | -6.0% |
Summary: The Shenandoah real estate market had 79 homes for sale in August 2024, a 6.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 50 | 47 | -6.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Shenandoah housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Shenandoah in August 2024, up by 4.5% month-over-month. Of the 23 sold homes, 39% were sold under asking, 17% were sold at asking, and 43% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 40 Days | 38 Days | -4.4% |
Summary: Homes in Shenandoah had an average of 38 days on market in Aug 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 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 August 2024, 23 homes were sold in Shenandoah; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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