Is Shoreview, MN 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, Shoreview has remained a Seller's Market.
Housing Prices in Shoreview, MN
How much do homes in Shoreview, MN cost?
Median Sold Price
$365,800
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shoreview was $365,800 in April 2024, down 3.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.7K | $125K | +1.8% |
2 Bedrooms | $255K | $268.5K | +5.3% |
3 Bedrooms | $375K | $358.7K | -4.3% |
4 Bedrooms | $457.5K | $445.5K | -2.6% |
5+ Bedrooms | $607.5K | $537.5K | -11.5% |
Summary: Shoreview housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
Arden Hills | $405K | $415.5K | +2.6% |
Circle Pines | $355K | $350K | -1.4% |
Shoreview | $380K | $365.8K | -3.7% |
Vadnais Heights | $350K | $318.5K | -9.0% |
North Oaks | $950K | $841K | -11.5% |
Housing Supply in Shoreview, MN
How many homes are available in Shoreview, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 88 | -1.1% |
Summary: The Shoreview real estate market had 88 homes for sale in April 2024, a 1.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 26 | 17 | -34.6% |
3 Bedrooms | 28 | 31 | +10.7% |
4 Bedrooms | 26 | 30 | +15.4% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Shoreview 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 decreased by 34.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Shoreview in April 2024, up by 8.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for Shoreview, MN
How long does it take to sell a home in Shoreview, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 30 Days | +38.9% |
Summary: Homes in Shoreview had an average of 30 days on market in Apr 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Shoreview; 59% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.