Shoreline Market Report December 2024
Saturday, January 4, 2025
Total sales decreased slightly by 2% year-over-year (YoY) to 44 transactions, down from 45 in 2023, but showing a modest rise compared to 40 sales last month.
Median home prices saw a significant increase of 9.2% YoY, reaching $844,367, up from $772,904 in 2023 and $780,000 last month.
Similarly, the average price per square foot rose by 4.6% YoY to $482, compared to $461 in 2023 and $479 last month.
Notably, homes are selling much faster, with the average days on market dropping 51% YoY to 29 days, compared to 59 days in 2023 and 43 days last month.
These trends highlight a strong demand for homes in Shoreline, coupled with rising prices and quicker sales.
--Lella Norberg, Windermere Shoreline
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