Is Shenandoah, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Shenandoah has remained a Seller's Market.
Housing Prices in Shenandoah, FL
How much do homes in Shenandoah, FL cost?
Median Sold Price
$701,666
$497/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shenandoah was $701,666 in May 2024, up 7.9% from last year, and the median price per square foot was $497.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $332.5K | $350K | +5.3% |
2 Bedrooms | $558.5K | $584K | +4.6% |
3 Bedrooms | $767.5K | $793K | +3.3% |
4 Bedrooms | $895K | $1.0M | +18.2% |
5+ Bedrooms | $1.0M | $1.0M | -3.0% |
Summary: Shenandoah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
Brickell Estates | $790K | $1.0M | +28.5% |
Douglas Park | $552.5K | $687.5K | +24.4% |
Shenandoah | $650K | $701.6K | +7.9% |
Silverbluff Estates | $700K | $750K | +7.1% |
Auburdale | $495K | $505K | +2.0% |
Housing Supply in Shenandoah, FL
How many homes are available in Shenandoah, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 131 | -3.0% |
Summary: The Shenandoah real estate market had 131 homes for sale in May 2024, a 3.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 39 | 37 | -5.1% |
3 Bedrooms | 38 | 35 | -7.9% |
4 Bedrooms | 31 | 30 | -3.2% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Shenandoah housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Shenandoah in May 2024, up by 9.5% month-over-month. Of the 23 sold homes, 70% were sold under asking, 26% were sold at asking, and 4% were sold over asking.
Days on Market for Shenandoah, FL
How long does it take to sell a home in Shenandoah, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 72 Days | +32.9% |
Summary: Homes in Shenandoah had an average of 72 days on market in May 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Shenandoah; 30% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.