$8,609 Closing Credit*
$725,000
2,230 SqFt
4 Beds
•2 Full Baths
#1898098, Terry Worth, Listing Office: Worth Realty
Is Shorewood, WI 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, Shorewood has remained a Seller's Market.
Key Takeaway
Shorewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shorewood, WI
How much do homes in Shorewood, WI cost?
Median Sold Price
$493,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,000(-2.8%)
Key Takeaway
Homes in Shorewood have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Shorewood was $493,000 in October 2024, down 2.8% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $163.5K | +7.6% |
| 2 Bedrooms | $272K | $270K | -0.7% |
| 3 Bedrooms | $495K | $487K | -1.6% |
| 4 Bedrooms | $575K | $639.9K | +11.3% |
| 5+ Bedrooms | $1.3M | $1.1M | -17.9% |
Summary: Shorewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Cities
| Milwaukee | $229.9K | $245.5K | +6.8% |
| Whitefish Bay | $571.3K | $582.5K | +2.0% |
| Shorewood | $507K | $493K | -2.8% |
Housing Supply in Shorewood, WI
How many homes are available in Shorewood, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Shorewood real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Shorewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shorewood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Shorewood in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Shorewood, WI
We’re sorry, we don't have information for this market at the moment
