Is Shorewood, IL 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.
Housing Prices in Shorewood, IL
How much do homes in Shorewood, IL cost?
Median Sold Price
$345,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shorewood was $345,000 in April 2024, up 4.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $243K | - | N/A |
2 Bedrooms | $257.5K | $269.9K | +4.8% |
3 Bedrooms | $308.7K | $315K | +2.0% |
4 Bedrooms | $392.2K | $416.5K | +6.2% |
5+ Bedrooms | $417.5K | $575K | +37.7% |
Summary: Shorewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 37.7%.
Median Sold Price Compared To Nearby Cities
Joliet | $257.9K | $269.9K | +4.7% |
Shorewood | $330K | $345K | +4.5% |
Troy Township | $290.5K | $301.4K | +3.8% |
Housing Supply in Shorewood, IL
How many homes are available in Shorewood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 77 | +45.3% |
Summary: The Shorewood real estate market had 77 homes for sale in April 2024, a 45.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 21 | 33 | +57.1% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Shorewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 19 | +137.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Shorewood in April 2024, up by 137.5% month-over-month. Of the 19 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for Shorewood, IL
How long does it take to sell a home in Shorewood, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 21 Days | +52.5% |
Summary: Homes in Shorewood had an average of 21 days on market in Apr 2024, up by 52.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Shorewood; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.