Is Shoreview, MN 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, Shoreview has remained a Seller's Market.
Housing Prices in Shoreview, MN
How much do homes in Shoreview, MN cost?
Median Sold Price
$372,325
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122K | $125K | +2.5% |
2 Bedrooms | $250K | $269K | +7.6% |
3 Bedrooms | $381K | $355K | -6.8% |
4 Bedrooms | $445.5K | $449.4K | +0.9% |
5+ Bedrooms | $580K | $550K | -5.2% |
Summary: Shoreview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Arden Hills | $397.4K | $445K | +12.0% |
Shoreview | $372.4K | $372.3K | 0% |
Circle Pines | $355K | $355K | 0.0% |
Vadnais Heights | $350K | $350K | 0.0% |
North Oaks | $950K | $836K | -12.0% |
Housing Supply in Shoreview, MN
How many homes are available in Shoreview, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
88 | 115 | +30.7% |
Summary: The Shoreview real estate market had 115 homes for sale in May 2024, a 30.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 27 | +42.1% |
3 Bedrooms | 30 | 36 | +20.0% |
4 Bedrooms | 29 | 37 | +27.6% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Shoreview housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 38 | +40.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Shoreview in May 2024, up by 40.7% month-over-month. Of the 38 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 19 Days | +55.7% |
Summary: Homes in Shoreview had an average of 19 days on market in May 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Shoreview; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.