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FOCUS ON: SHENANDOAH COUNTY HOUSING MARKET |
AUGUST 2025 |
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Units Sold
53 |
Active Inventory
148 |
Median Sale Price
$340,000 |
Days On Market
32 |
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Down -7%
Vs. Year Ago |
Up 14%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 7%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in August, with 53 sold this month in Shenandoah County Real Estate versus 51 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 7% versus August 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 18 units or 14%. The total number of active inventory this August was 148 compared to 130 in August 2024. This month's total of 148 is lower than the previous month's total supply of available inventory of 161, a decrease of 8%.
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Median Sale Price
Last August, the median sale price for Shenandoah County Homes was $339,900. This August, the median sale price was $340,000, which is similar compared to a year ago. The current median sold price is 3% higher than in July.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
64 |
Current Contracts
60 |
Sold Vs. List Price
97.4% |
Months of Supply
2.8 |
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Up 3%
Vs. Year Ago |
Up 46%
Vs. Year Ago |
Down -0.8%
Vs. Year Ago |
Up 22%
Vs. Year Ago |
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Months of Supply
In August, there was 2.8 months of supply available in Shenandoah County, compared to 2.3 in August 2024. That is an increase of 22% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 64 homes newly listed for sale in Shenandoah County compared to 62 in August 2024, an increase of 3%. There were 60 current contracts pending sale this August compared to 41 a year ago. The number of current contracts is 46% higher than last August.
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Sale Price to List Price Ratio
In August, the average sale price in Shenandoah County was 97.4% of the average list price, which is 0.8% lower than at this time last year.
Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 30, an increase of 7%.
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*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |