Is Shiloh, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Shiloh was a Neutral Market.
Key Takeaway
Shiloh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shiloh, VA
How much do homes in Shiloh, VA cost?
Median Sold Price
$536,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shiloh have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in Shiloh was $536,000 in March 2024, up 22.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239K | $425.2K | +77.9% |
| 3 Bedrooms | $349.9K | $400K | +14.3% |
| 4 Bedrooms | $536.2K | $602.5K | +12.3% |
| 5+ Bedrooms | $525K | $830K | +58.1% |
Summary: Shiloh housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 77.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 58.1%.
Median Sold Price Compared To Nearby Cities
| Shiloh | $438K | $536K | +22.4% |
| Washington | $290K | $309.9K | +6.9% |
| James Monroe | $400K | $420K | +5.0% |
| King George | $419.9K | $439.9K | +4.8% |
Housing Supply in Shiloh, VA
How many homes are available in Shiloh, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 43 | -8.5% |
Summary: The Shiloh real estate market had 43 homes for sale in March 2024, a 8.5% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Shiloh 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 remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shiloh, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Shiloh in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Shiloh, VA
How long does it take to sell a home in Shiloh, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 48 Days | +674.0% |
Summary: Homes in Shiloh had an average of 48 days on market in Mar 2024, up by 674% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shiloh are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Shiloh; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
