Is Shorewood, WI 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, Shorewood has remained a Seller's Market.
Key Takeaway
Shorewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shorewood, WI
How much do homes in Shorewood, WI cost?
Median Sold Price
$487,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Shorewood have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Shorewood was $487,000 in April 2024, down 0.7% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $152K | +16.9% |
| 2 Bedrooms | $260K | $272K | +4.6% |
| 3 Bedrooms | $450K | $480K | +6.7% |
| 4 Bedrooms | $575K | $595K | +3.5% |
| 5+ Bedrooms | $835K | $1.2M | +52.5% |
Summary: Shorewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 52.5%.
Median Sold Price Compared To Nearby Cities
| Whitefish Bay | $527.5K | $600K | +13.7% |
| Milwaukee | $225K | $234.7K | +4.3% |
| Shorewood | $490.5K | $487K | -0.7% |
Housing Supply in Shorewood, WI
How many homes are available in Shorewood, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Summary: The Shorewood real estate market had 44 homes for sale in April 2024, a 2.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Shorewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shorewood, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Shorewood in April 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Shorewood, WI
We’re sorry, we don't have information for this market at the moment
