Is Shoreline, WA 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, Shoreline has remained a Seller's Market.
Housing Prices in Shoreline, WA
How much do homes in Shoreline, WA cost?
Median Sold Price
$789,993
$464/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shoreline was $789,993 in April 2024, down 1.1% from last year, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $312.5K | +4.5% |
2 Bedrooms | $580K | $625K | +7.8% |
3 Bedrooms | $779.8K | $768K | -1.5% |
4 Bedrooms | $900K | $860K | -4.4% |
5+ Bedrooms | $1.2M | $1.1M | -2.8% |
Summary: Shoreline housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Lake Forest Park | $955K | $1.0M | +5.2% |
Mountlake Terrace | $626K | $639.5K | +2.2% |
Edmonds | $850K | $842.2K | -0.9% |
Shoreline | $799.1K | $789.9K | -1.1% |
Housing Supply in Shoreline, WA
How many homes are available in Shoreline, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 156 | +9.1% |
Summary: The Shoreline real estate market had 156 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 36 | 46 | +27.8% |
3 Bedrooms | 56 | 53 | -5.4% |
4 Bedrooms | 35 | 35 | 0.0% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Shoreline housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 27.8%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 47 | -9.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Shoreline in April 2024, down by 9.6% month-over-month. Of the 47 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 33 Days | +54.5% |
Summary: Homes in Shoreline had an average of 33 days on market in Apr 2024, up by 54.5% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in Shoreline; 89% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.