Is Shoreline, WA 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, Shoreline has remained a Seller's Market.
Housing Prices in Shoreline, WA
How much do homes in Shoreline, WA cost?
Median Sold Price
$792,100
$464/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shoreline was $792,100 in March 2024, down 1.6% from last year, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $312.5K | +4.5% |
2 Bedrooms | $605K | $625K | +3.3% |
3 Bedrooms | $786.2K | $768.4K | -2.3% |
4 Bedrooms | $905K | $865K | -4.4% |
5+ Bedrooms | $1.2M | $1.1M | -2.2% |
Summary: Shoreline housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Mountlake Terrace | $637.5K | $639.5K | 0.3% |
Lake Forest Park | $1.0M | $1.0M | 0.2% |
Shoreline | $805.2K | $792.1K | -1.6% |
Edmonds | $853.7K | $831.5K | -2.6% |
Housing Supply in Shoreline, WA
How many homes are available in Shoreline, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 142 | +9.2% |
Summary: The Shoreline real estate market had 142 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 37 | 37 | 0.0% |
3 Bedrooms | 49 | 57 | +16.3% |
4 Bedrooms | 29 | 33 | +13.8% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Shoreline housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 47 | +27.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Shoreline in March 2024, up by 27.0% month-over-month. Of the 47 sold homes, 23% were sold under asking, 28% were sold at asking, and 49% were sold over asking.
Days on Market for Shoreline, WA
How long does it take to sell a home in Shoreline, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 22 Days | -20.7% |
Summary: Homes in Shoreline had an average of 22 days on market in Mar 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in Shoreline; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.