Is Shiloh, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Shiloh has remained a Seller's 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
$450,000
$201/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Shiloh have sold for 33.3% less than they did a month ago.
Summary: The median home sold price in Shiloh was $450,000 in April 2024, down 33.3% from last month, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $541K | $524.9K | -3.0% |
| 4 Bedrooms | $676.6K | $450K | -33.5% |
| 5+ Bedrooms | $830K | $367.4K | -55.7% |
Summary: Shiloh housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 33.5%, and 5+ bedroom homes decreased by 55.7%.
Housing Supply in Shiloh, VA
How many homes are available in Shiloh, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Shiloh real estate market had 24 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 15 | 10 | -33.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Shiloh 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 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shiloh, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Shiloh in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 24 Days | -49.5% |
Summary: Homes in Shiloh had an average of 24 days on market in Apr 2024, down by 49.5% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was 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 April 2024, 9 homes were sold in Shiloh; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
