Shorewood home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Shorewood rose by $30,000 while total sales decreased by 22.6%, according to

From July through September of 2020, there were 65 homes sold, with a median sale price of $267,000 - a 12.7% increase over the $237,000 median sale price for the same period of the previous year. There were 84 homes sold in Shorewood in the third quarter of 2019.

The median sales tax in Shorewood for the most recent year with available data, 2019, was $6,479, approximately 2.4% of the median home sale price for the third quarter of 2020.

The following table compares Shorewood to other Will County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
New Lenox1771704.1%$295,000$278,9505.8%
Lily Cache110%$240,700$187,00028.7%
Cherry Hill41300%$240,000$250,000-4%

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