Is Shoreline, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Shoreline has remained a Seller's Market.
Housing Prices
How much do homes in Shoreline, WA cost?
Median Sold Price
$758,450
$463/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Shoreline was $758,450 in August 2023, down 5.2% from last year, and the median price per square foot was $463.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $272.5K | $310K | +13.8% |
2 Bedrooms | $589.9K | $580K | -1.7% |
3 Bedrooms | $799.9K | $730K | -8.7% |
4 Bedrooms | $900K | $875K | -2.8% |
5+ Bedrooms | $1.2M | $1.2M | 0.5% |
Summary: Shoreline housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
Edmonds | $862.8K | $829K | -3.9% |
Lake Forest Park | $1.0M | $950K | -5.0% |
Shoreline | $800K | $758.4K | -5.2% |
Mountlake Terrace | $730K | $609.9K | -16.4% |
Housing Supply
How many homes are available in Shoreline, WA?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
180 | 164 | -8.9% |
Summary: The Shoreline real estate market had 164 homes for sale in August 2023, a 8.9% decrease compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 33 | 32 | -3.0% |
3 Bedrooms | 65 | 50 | -23.1% |
4 Bedrooms | 50 | 50 | 0.0% |
5+ Bedrooms | 29 | 28 | -3.4% |
Summary: The Shoreline housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 3.4%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
62 | 48 | -22.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Shoreline in August 2023, down by 22.6% month-over-month. Of the 48 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market
How long does it take to sell a home in Shoreline, WA?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
15 Days | 21 Days | +35.8% |
Summary: Homes in Shoreline had an average of 21 days on market in Aug 2023, up by 35.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During August 2023, 48 homes were sold in Shoreline; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.