$4,453 Closing Credit*
$375,000
1,864 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kari L Shank, Listing Office: RE/MAX Achievers
Is Shenandoah, WV 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, WV
How much do homes in Shenandoah, WV cost?
Median Sold Price
$313,750
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$13,750(+4.6%)
Key Takeaway
Homes in Shenandoah have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Shenandoah was $313,750 in August 2024, up 4.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.7K | $275K | +57.4% |
| 2 Bedrooms | $204.9K | $235K | +14.7% |
| 3 Bedrooms | $283.7K | $295K | +4.0% |
| 4 Bedrooms | $349.9K | $357.5K | +2.2% |
| 5+ Bedrooms | $345K | $406.5K | +17.8% |
Summary: Shenandoah housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.4%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 17.8%.
Median Sold Price Compared To Nearby Cities
| Middleway | $369K | $427.5K | +15.9% |
| Inwood | $299.9K | $319.7K | +6.6% |
| Kearneysville | $372.5K | $392.6K | +5.4% |
| Shenandoah | $300K | $313.7K | +4.6% |
| Bunker Hill | $315K | $298.9K | -5.1% |
Housing Supply in Shenandoah, WV
How many homes are available in Shenandoah, WV?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 139 | 141 | +1.4% |
Summary: The Shenandoah real estate market had 141 homes for sale in August 2024, a 1.4% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 86 | 83 | -3.5% |
| 4 Bedrooms | 44 | 49 | +11.4% |
| 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 remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 41 | 32 | -22.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shenandoah, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in Shenandoah in August 2024, down by 22.0% month-over-month. Of the 32 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Shenandoah, WV
How long does it take to sell a home in Shenandoah, WV?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 20 Days | 33 Days | +67.9% |
Summary: Homes in Shenandoah had an average of 33 days on market in Aug 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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, 32 homes were sold in Shenandoah; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
