Is Shoreline, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shoreline is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Shoreline has remained a Seller's Market.

Key Takeaway

Shoreline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Shoreline, WA cost?

Median Sold Price

$779,940

$479/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$119,940(+18.2%)

Key Takeaway

Homes in Shoreline have sold for 18.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $229.9K$260K
+13.1%
2 $449.9K$540K
+20.0%
3 $645K$761.2K
+18.0%
4 $782.5K$892.3K
+14.0%
5+ $1.0M$1.1M
+12.0%

Median Sold Price Compared To Nearby Cities

Lake Forest Park
+32.6%
Mountlake Terrace
+29.8%
Shoreline
+18.2%
Edmonds
+18.0%

How many homes are available in Shoreline, WA?

Number of Homes For Sale

Apr 2022May 2022%
203202-0.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 53
-40.0%
2 3741
+10.8%
3 9083
-7.8%
4 5550
-9.1%
5+ 1625
+56.3%

Number of Homes Sold

Apr 2022May 2022%
8968-23.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

53 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shoreline, you could pay more than the asking price. 77.9% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
11 Days7 Days-31.1%

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shoreline are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Shoreline, WA

Number of homes for sale in Shoreline, WA real estate market have reached 202. The number of listings in Shoreline, WA decreased by 0.5% between April 2022 and May 2022. While the average time on the market in May 2022 was 7 days, the median list price was $779,940. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 13.1%, the cost of 2 bedrooms properties went up by 20%, prices of 3 bedrooms properties increased by 18%, prices of 4 bedrooms properties went up by 14%, 5 bedrooms properties prices increased by 12%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 40%, volume of 2 bedrooms homes went up by 10.8%, 3 bedrooms homes inventory decreased by 7.8%, number of 4 bedrooms homes decreased by 9.1%, volume of 5 bedrooms homes went up by 56.3%. While more than 53 listings in Shoreline, WA in May 2022 were sold above asking price, there were more than 11 listings sold at asking price, and more than 4 were sold below.

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