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Featured local agent — Shorewood, IL
Sarah Mitchell
Compass Real Estate · Shorewood, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shorewood, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$421,000median sale price
How is the Shorewood, IL housing market right now?
The median home sale price in Shorewood, IL is $421,000, up 12.3% year-over-year. Homes sell in an average of 51 days with 80 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Shorewood a buyer's or seller's market?
Shorewood, IL is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 51 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
51
Average pace
Active listings
80
4.0 months supply
Sale-to-list
99.1%
Below asking
What does the Shorewood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $421,000 |
| Median list price | $459,900 |
| Year-over-year price change | +12.3% |
| Average days on market | 51 days |
| Active inventory | 80 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $191/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 49 |
| Listings with a price cut | 17.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Shorewood by property type?
How the Shorewood, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $468,000 | $191/sq ft | 17 | 50 days |
| Condo / Co-op | $265,000 | $164/sq ft | 1 | 92 days |
| Townhouse | $340,000 | $192/sq ft | 3 | 52 days |
Source: Redfin · Updated monthly
The Shorewood housing market is currently classified as a leaning buyer's with a median sale price of $421,000. Prices have risen 12.3% compared to last year, with homes spending an average of 51 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Shorewood
There are currently 80 homes listed for sale in Shorewood, Illinois. The median listing price is $460K.
Active listings
80
Homes on market
Median list price
$460K
Avg. days on market
51
Days until sale
New this week
49
Newly listed
Who lives in Shorewood?
Population
18,218
Median income
$122,648/yr
Median age
44.5 years
Owner-occupied
95.5%
College grads
41.0%
Avg commute
33.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Shorewood?
Zillow home value
$413,871
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Shorewood?
Shorewood is a community of approximately 18K residents with a median age of 44.5 years.The median household income is $122,648, which reflects a relatively affluent area with strong earning potential. 41.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 95.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Shorewood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Shorewood?
4 schools tracked · 1,814 students
The largest public schools serving Shorewood, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Walnut Trails Elem School
Grades K-4 · 504 students
Troy Cronin Elem School
Grades PK-4 · 494 students
Troy Hofer Elem Sch
Grades PK-4 · 442 students
Troy Shorewood School
Grades PK-4 · 374 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Shorewood, IL?
Want a head-to-head view? Compare Shorewood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Shorewood?
The median home sale price in Shorewood is $421,000, up 12.3% from last year.
How long do homes stay on market in Shorewood?
Homes typically spend 51 days on market before going under contract.
What is the median income in Shorewood?
The median household income is $122,648 per year.
Is Shorewood a buyer's or seller's market?
With 4.0 months of supply, Shorewood is currently a leaning buyer's.
What is the Zillow home value estimate for Shorewood?
The Zillow Home Value Index (ZHVI) for Shorewood is $413,871, representing the typical home value in the area.
What is the median condo price in Shorewood?
The median condo/co-op sale price in Shorewood, IL is $265,000, compared to $468,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Shorewood?
The median single-family home price in Shorewood, IL is $468,000 (about $191 per square foot).
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