Is Shoreview, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$355,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shoreview was $355,000 in March 2024, down 6.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $125.5K | +4.6% |
2 Bedrooms | $255K | $260.9K | +2.3% |
3 Bedrooms | $365K | $352.5K | -3.4% |
4 Bedrooms | $452.5K | $444K | -1.9% |
5+ Bedrooms | $587.5K | $570K | -3.0% |
Summary: Shoreview housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
Arden Hills | $377.5K | $417K | +10.5% |
Circle Pines | $355K | $350K | -1.4% |
Shoreview | $380K | $355K | -6.6% |
Vadnais Heights | $360K | $328.5K | -8.8% |
North Oaks | $960K | $836K | -12.9% |
Housing Supply in Shoreview, MN
How many homes are available in Shoreview, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 87 | +22.5% |
Summary: The Shoreview real estate market had 87 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 1 | -75.0% |
2 Bedrooms | 20 | 25 | +25.0% |
3 Bedrooms | 18 | 26 | +44.4% |
4 Bedrooms | 20 | 27 | +35.0% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Shoreview housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 35%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Shoreview in March 2024, up by 29.4% month-over-month. Of the 22 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 36 Days | +44.6% |
Summary: Homes in Shoreview had an average of 36 days on market in Mar 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Shoreview; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.