August 2021: Home prices in Shorewood fell

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The median sale price of a home sold in August 2021 in Shorewood fell by $20,100 while total sales increased by 22.7%, according to BlockShopper.com.

In August 2021, there were 27 homes sold, with a median sale price of $289,900 - a 6.5% decrease over the $310,000 median sale price for the same period of the previous year. There were 22 homes sold in Shorewood in August 2020.

The median sales tax in Shorewood for the most recent year with available data, 2019, was $6,479, approximately 2.2% of the median home sale price for August 2021.

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

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Aurora141127.3%$311,750$253,00023.2%
New Lenox4657-19.3%$305,000$314,808-3.1%
Bolingbrook857710.4%$300,000$240,90024.5%
Mokena383026.7%$296,000$350,750-15.6%
Channahon141216.7%$291,950$350,000-16.6%
Shorewood272222.7%$289,900$310,000-6.5%
Tinley Park1112-8.3%$285,000$306,000-6.9%
Frankfort Square1417-17.6%$270,000$239,90012.5%
Manhattan2327-14.8%$257,000$274,000-6.2%
Elwood45-20%$256,000$183,90039.2%
Lockport64614.9%$251,000$235,0006.8%

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