Housing Market & Real Estate Update: Shenandoah TX
Shenandoah, TX – March 5, 2026 – Sales looked volatile with low volume; mortgage rates dipped under 6% and rental asking trends stayed mixed.
Shenandoah’s housing market can look choppy from month to month because the number of closed sales is small. Recent market dashboards showed that pattern continuing, even as borrowing costs improved.
Key numbers to know
- Prices and sales volume: Redfin reported a January 2026 median sale price of $770K (up 51% year over year) with just 5 homes sold.
- Time to sell: Redfin also showed homes averaging 84 days on market in January.
- Mortgage rates: Freddie Mac’s weekly PMMS put the 30-year fixed-rate average at 5.98% (Feb. 26, 2026), dipping below 6%.
- Home values and rent: Zillow’s home-value index put the typical home value around $424K (updated 1/31/2026), and its dashboard showed an average rent of $1,814 (as of 1/31/2026).
Inventory and what’s for sale
Zillow’s dashboard showed 14 homes for sale on 1/31/2026. With low transaction counts, a few higher-end closings can move the monthly median noticeably, so pairing price trends with inventory and days-on-market can offer a clearer read on momentum.
- Example listing: a 4-bedroom single-family home at about $350K (about 2,140 sq. ft.).
- Example listing: a 2-bedroom home at about $460K (about 2,363 sq. ft.).
Public projects to watch
The Municipal Development District budget includes a $2.5M county-funded David Memorial Drive Extension (Phase 3) and $1.9M earmarked for Tamina Road improvements.
What are buyers and renters seeing most often right now: price cuts, multiple offers, or longer time on market?