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South Hennepin News

Saturday, November 2, 2024

Falling home prices in Shorewood in February 2021

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The median sale price of a home sold in February 2021 in Shorewood fell by $100,000 while total sales decreased by 66.7%, according to BlockShopper.com.

In February 2021, there were three homes sold, with a median sale price of $390,000 - a 20.4% decrease over the $490,000 median sale price for the same period of the previous year. There were nine homes sold in Shorewood in February 2020.

The median sales tax in Shorewood for the most recent year with available data, 2019, was $5,962, approximately 1.5% of the median home sale price for February 2021.

The following table compares Shorewood to other Hennepin County cities with similar median sale prices in February 2021:

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Excelsior110%$505,000$658,500-23.3%
Edina1140-72.5%$473,000$482,172.50-1.9%
Minnetrista37-57.1%$424,670$485,000-12.4%
Tonka Bay110%$412,000$800,000-48.5%
St. Anthony220%$390,000$430,000-9.3%
Shorewood39-66.7%$390,000$490,000-20.4%
Plymouth1063-84.1%$385,000$361,0006.6%
Mound218-88.9%$380,450$269,60041.1%
Eden Prairie1242-71.4%$370,000$387,075-4.4%
Orono38-62.5%$365,000$420,000-13.1%
Bloomington1849-63.3%$317,500$305,0004.1%

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