Is Shoreview, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Shoreview has remained a Seller's Market.
Key Takeaway
Shoreview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shoreview, MN
How much do homes in Shoreview, MN cost?
Median Sold Price
$372,325
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Shoreview has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | $125K | +2.5% |
| 2 Bedrooms | $250K | $269K | +7.6% |
| 3 Bedrooms | $381K | $355K | -6.8% |
| 4 Bedrooms | $445.5K | $449.4K | +0.9% |
| 5+ Bedrooms | $580K | $550K | -5.2% |
Summary: Shoreview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Arden Hills | $397.4K | $445K | +12.0% |
| Shoreview | $372.4K | $372.3K | 0% |
| Circle Pines | $355K | $355K | 0.0% |
| Vadnais Heights | $350K | $350K | 0.0% |
| North Oaks | $950K | $836K | -12.0% |
Housing Supply in Shoreview, MN
How many homes are available in Shoreview, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 115 | +30.7% |
Summary: The Shoreview real estate market had 115 homes for sale in May 2024, a 30.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 27 | +42.1% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 29 | 37 | +27.6% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Shoreview housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 38 | +40.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shoreview, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Shoreview in May 2024, up by 40.7% month-over-month. Of the 38 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for Shoreview, MN
How long does it take to sell a home in Shoreview, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +55.7% |
Summary: Homes in Shoreview had an average of 19 days on market in May 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shoreview are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Shoreview; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
