Is Shoreline, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shoreline is a seller's market

Buyer's
Market

Difference Since November 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

$798,969

$474/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,469(+3.6%)

Key Takeaway

Homes in Shoreline have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Shoreline was $798,969 in November 2024, up 3.6% from last year, and the median price per square foot was $474.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $312.5K$471.3K
+50.8%
2 $560K$660K
+17.9%
3 $731.6K$776.1K
+6.1%
4 $860K$925K
+7.6%
5+ $1.2M$1.1M
-1.8%

Summary: Shoreline housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.8%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Edmonds
+14.1%
Lake Forest Park
+6.0%
Shoreline
+3.6%
Mountlake Terrace
+2.4%

Housing Supply in Shoreline, WA

How many homes are available in Shoreline, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
233171-26.6%

Summary: The Shoreline real estate market had 171 homes for sale in November 2024, a 26.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 128
-33.3%
2 5850
-13.8%
3 8962
-30.3%
4 4934
-30.6%
5+ 2517
-32.0%

Summary: The Shoreline housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 30.3%, 4 bedroom homes decreased by 30.6%, and 5+ bedroom homes decreased by 32%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7550-33.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shoreline, you may be able to get a good deal. 36% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Shoreline in November 2024, down by 33.3% month-over-month. Of the 50 sold homes, 36% were sold under asking, 34% were sold at asking, and 30% 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

Nov 2023Nov 2024CHANGE
41 Days45 Days+9.4%

Summary: Homes in Shoreline had an average of 45 days on market in Nov 2024, up by 9.4% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shoreline are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 50 homes were sold in Shoreline; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Shoreline, WA

Nearby Markets to Shoreline, WA

What housing markets are near Shoreline, WA?