Shorewood home prices rise in January 2020

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The median sale price of a home sold in January 2020 in Shorewood rose by $71,300 while total sales decreased by 37.5%, according to BlockShopper.com.

In January 2020, there were five homes sold, with a median sale price of $520,000 - a 15.9% increase over the $448,700 median sale price for the same period of the previous year. There were eight homes sold in Shorewood in January 2019.

The median sales tax in Shorewood for the most recent year with available data, 2015, was $5,414, approximately 1% of the median home sale price for January 2020.

The following table compares Shorewood to other Hennepin County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Independence
1
5
-80%
$725,000
$252,500
187.1%
Corcoran
3
3
0%
$570,000
$347,500
64%
Wayzata
2
6
-66.7%
$566,500
$551,450
2.7%
Spring Park
2
0
-
$534,950
$0
-
Minnetrista
14
12
16.7%
$529,950
$371,500
42.7%
Shorewood
5
8
-37.5%
$520,000
$448,700
15.9%
Dayton
3
2
50%
$460,000
$418,750
9.9%
Minnetonka
34
38
-10.5%
$436,750
$361,000
21%
Eden Prairie
32
62
-48.4%
$423,000
$351,000
20.5%
Hanover
1
0
-
$410,266.68
$0
-
Greenfield
2
2
0%
$385,500
$329,976
16.8%

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