$5,106 Closing Credit*
$430,000
1,942 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Realty
Is Shoreview, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$400,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,500(+13.2%)
Key Takeaway
Homes in Shoreview have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Shoreview was $400,000 in October 2024, up 13.2% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.9K | $122.5K | 0.5% |
| 2 Bedrooms | $265K | $267.4K | +0.9% |
| 3 Bedrooms | $350K | $385K | +10.0% |
| 4 Bedrooms | $439.5K | $460K | +4.7% |
| 5+ Bedrooms | $545K | $574.5K | +5.4% |
Summary: Shoreview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Shoreview | $353.5K | $400K | +13.2% |
| Circle Pines | $350K | $365K | +4.3% |
| North Oaks | $885K | $897.2K | +1.4% |
| Vadnais Heights | $347.5K | $340K | -2.2% |
| Arden Hills | $408K | $381K | -6.6% |
Housing Supply in Shoreview, MN
How many homes are available in Shoreview, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 120 | +10.1% |
Summary: The Shoreview real estate market had 120 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 24 | 32 | +33.3% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 34 | 38 | +11.8% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Shoreview housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shoreview, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Shoreview in October 2024, down by 16.7% month-over-month. Of the 30 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +5.8% |
Summary: Homes in Shoreview had an average of 24 days on market in Oct 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shoreview are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Shoreview; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
