$2,649,000
4,292 SqFt
5 Beds
•3 Full Baths, 1 Partial
Adam E. Cobb, Listing Office: Windermere Real Estate GH LLC
Is Shoreline, WA 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, 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 October 2023
+$30,404(+4.0%)
Key Takeaway
Homes in Shoreline have sold for 4% more than they did a year ago.
Summary: The median home sold price in Shoreline was $798,969 in October 2024, up 4% from last year, and the median price per square foot was $474.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $342K | +10.3% |
| 2 Bedrooms | $555K | $673.4K | +21.3% |
| 3 Bedrooms | $736.2K | $770K | +4.6% |
| 4 Bedrooms | $860K | $925K | +7.6% |
| 5+ Bedrooms | $1.2M | $1.2M | -0.5% |
Summary: Shoreline housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Edmonds | $819.2K | $933.9K | +14.0% |
| Lake Forest Park | $955.5K | $1.0M | +6.2% |
| Shoreline | $768.5K | $798.9K | +4.0% |
| Mountlake Terrace | $627.5K | $649.9K | +3.6% |
Housing Supply in Shoreline, WA
How many homes are available in Shoreline, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 223 | 241 | +8.1% |
Summary: The Shoreline real estate market had 241 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 56 | 63 | +12.5% |
| 3 Bedrooms | 80 | 87 | +8.8% |
| 4 Bedrooms | 47 | 53 | +12.8% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Shoreline housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 71 | +22.4% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shoreline, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Shoreline in October 2024, up by 22.4% month-over-month. Of the 71 sold homes, 45% were sold under asking, 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +14.3% |
Summary: Homes in Shoreline had an average of 31 days on market in Oct 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 71 homes were sold in Shoreline; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% 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.