Is Shenandoah, WV 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 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
$303,066
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Shenandoah have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Shenandoah was $303,066 in April 2024, up 4.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.7K | $207.5K | +12.3% |
| 2 Bedrooms | $209.9K | $235K | +12.0% |
| 3 Bedrooms | $270K | $290K | +7.4% |
| 4 Bedrooms | $349.9K | $350K | 0.0% |
| 5+ Bedrooms | $369.9K | $400.8K | +8.4% |
Summary: Shenandoah housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 7.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Bunker Hill | $293.7K | $309K | +5.2% |
| Inwood | $290K | $304K | +4.8% |
| Shenandoah | $290K | $303K | +4.5% |
| Kearneysville | $372.4K | $384K | +3.1% |
| Middleway | $380K | $390K | +2.6% |
Housing Supply in Shenandoah, WV
How many homes are available in Shenandoah, WV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 97 | 117 | +20.6% |
Summary: The Shenandoah real estate market had 117 homes for sale in April 2024, a 20.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 62 | 77 | +24.2% |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Shenandoah housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 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 26 homes were sold or pending in Shenandoah in April 2024, down by 3.7% month-over-month. Of the 26 sold homes, 12% were sold under asking, 50% were sold at asking, and 38% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 17 Days | -50.0% |
Summary: Homes in Shenandoah had an average of 17 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shenandoah are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Shenandoah; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
