Is Shoreline, WA 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, Shoreline has remained a Seller's Market.
Key Takeaway
Shoreline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shoreline, WA
How much do homes in Shoreline, WA cost?
Median Sold Price
$794,995
$463/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shoreline have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Shoreline was $794,995 in May 2024, up 1.3% from last year, and the median price per square foot was $463.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $317.5K | +6.2% |
| 2 Bedrooms | $580K | $649.9K | +12.1% |
| 3 Bedrooms | $759.8K | $774.9K | +2.0% |
| 4 Bedrooms | $892.5K | $862.5K | -3.4% |
| 5+ Bedrooms | $1.2M | $1.1M | -1.5% |
Summary: Shoreline housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Lake Forest Park | $900K | $1.0M | +12.2% |
| Mountlake Terrace | $622.5K | $637K | +2.3% |
| Shoreline | $785K | $794.9K | +1.3% |
| Edmonds | $849.9K | $849.9K | 0.0% |
Housing Supply in Shoreline, WA
How many homes are available in Shoreline, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 159 | 206 | +29.6% |
Summary: The Shoreline real estate market had 206 homes for sale in May 2024, a 29.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 13 | +44.4% |
| 2 Bedrooms | 47 | 50 | +6.4% |
| 3 Bedrooms | 52 | 72 | +38.5% |
| 4 Bedrooms | 39 | 51 | +30.8% |
| 5+ Bedrooms | 12 | 20 | +66.7% |
Summary: The Shoreline housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 64 | +28.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shoreline, you could pay more than the asking price. 45.3% of homes here sold above asking price last month.
Summary: A total of 64 homes were sold or pending in Shoreline in May 2024, up by 28.0% month-over-month. Of the 64 sold homes, 27% were sold under asking, 28% were sold at asking, and 45% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 10 Days | -25.8% |
Summary: Homes in Shoreline had an average of 10 days on market in May 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shoreline are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 64 homes were sold in Shoreline; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.