Is Shorewood, WI 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, Shorewood has remained a Seller's Market.
Housing Prices in Shorewood, WI
How much do homes in Shorewood, WI cost?
Median Sold Price
$500,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shorewood was $500,000 in May 2024, up 4.8% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $160K | +45.5% |
2 Bedrooms | $244K | $302K | +23.8% |
3 Bedrooms | $445K | $470K | +5.6% |
4 Bedrooms | $563.5K | $636K | +12.9% |
5+ Bedrooms | $850K | $1.2M | +49.9% |
Summary: Shorewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 49.9%.
Median Sold Price Compared To Nearby Cities
Whitefish Bay | $516K | $595K | +15.3% |
Shorewood | $477K | $500K | +4.8% |
Milwaukee | $225.2K | $234.9K | +4.3% |
Housing Supply in Shorewood, WI
How many homes are available in Shorewood, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 45 | +2.3% |
Summary: The Shorewood real estate market had 45 homes for sale in May 2024, a 2.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Shorewood 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 decreased by 14.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Shorewood in May 2024, up by 15.4% month-over-month. Of the 15 sold homes, 47% were sold under asking, 7% were sold at asking, and 47% were sold over asking.
Days on Market for Shorewood, WI
We’re sorry, we don't have information for this market at the moment