Is Shenandoah County, 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 County has remained a Seller's Market.
Housing Prices in Shenandoah County, VA
How much do homes in Shenandoah County, VA cost?
Median Sold Price
$315,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shenandoah County was $315,000 in April 2024, up 8.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $145K | +20.8% |
2 Bedrooms | $187.2K | $202.5K | +8.1% |
3 Bedrooms | $300K | $320K | +6.7% |
4 Bedrooms | $335K | $359.9K | +7.4% |
5+ Bedrooms | $515K | $468K | -9.1% |
Summary: Shenandoah County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Counties
Warren County | $340.6K | $379.9K | +11.5% |
Hardy County | $250K | $275K | +10.0% |
Shenandoah County | $291.5K | $315K | +8.1% |
Frederick County | $377.3K | $400K | +6.0% |
Page County | $280K | $267.3K | -4.5% |
Housing Supply in Shenandoah County, VA
How many homes are available in Shenandoah County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
186 | 201 | +8.1% |
Summary: The Shenandoah County real estate market had 201 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 21 | 29 | +38.1% |
3 Bedrooms | 106 | 99 | -6.6% |
4 Bedrooms | 41 | 56 | +36.6% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Shenandoah County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 38.1%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 50 | -20.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Shenandoah County in April 2024, down by 20.6% month-over-month. Of the 50 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 39 Days | +131.6% |
Summary: Homes in Shenandoah County had an average of 39 days on market in Apr 2024, up by 131.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Shenandoah County; 56% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.