Shoreline Real Estate Market Trends

Shoreline Real Estate Market Trends

August 2025

August 2025 Market Overview

Sales Volume

August 2025 closed with 35 home sales, up from 31 in July but down 31% year-over-year compared to 51 sales in August 2024. This continues the theme of 2025: a slower pace of transactions compared to last year, even though month-over-month activity ticked up slightly.

Median Price

The median price rose to $890,000 in August from $830,000 in July, but is still 2.2% below August 2024’s $910,000. This reflects a rebound from July’s softer pricing, but on a yearly basis, values remain modestly lower.

Price per Square Foot

The average price per square foot fell to $512, down sharply from $542 in July and slightly below $515 in August 2024 (a 0.6% YoY decrease). This suggests that while the median price improved month over month, buyers may be purchasing larger homes or negotiating more value per square foot.

Days on Market

Homes are taking longer to sell. In August 2025, the average days on market increased to 26, up from 21 in July and 63% higher than the 16-day average in August 2024. This indicates a shift toward more measured buyer decision-making.

Sold-to-List Price Ratio

Homes are still selling close to asking, but the gap compared to 2024 has widened:

• 2025 YTD ratio: 99.94%

• 2024 ratio: 102.11%

This confirms bidding intensity has eased, and buyers now have slightly more negotiating room.

Summary

August 2025 shows a market that is slower and more value-driven than last year. Sales remain well below 2024 levels, homes are taking longer to sell, and buyers are paying slightly less relative to list prices than before. While median prices rebounded strongly from July, the decrease in price per square foot and list-to-sale ratios reflects affordability pressures, higher interest rates, and economic uncertainty weighing on buyer urgency.

The Shoreline market is still active and homes are selling at near-list prices, but sellers are no longer seeing the same level of competition as in 2024 and need to price strategically to secure offers in a more deliberate market.

Interested to learn more? Contact me today!

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Lella Norberg is a Shoreline resident and a Licensed Broker with Windermere Real Estate. information and statistics derived from NWMLS.