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Shorewood, IL Market Report 10/10/10
Shorewood, IL Real Estate Market Report 10/10/10Today, Shorewood, IL has 125 single family homes for sale with a median list price of $249,900.  There are 18 homes under contract.  The average market time is 221 days or 7.4 months.  Prices range from $52,500 to $699,000.  See all of these listings at http://www.roakehomes.com  In the last 30 days, 19 homes for sale have closed at a median price of $195,864 and 23 homes have had the listing expire or have been cancelled.  Sold homes had an average list price of $251, 164 and were on the market, on average, for 155 days.  Expired/cancelled Shorewood homes for sale averaged $277,813 with average market time of 289 days.  Of the 19 closings, 8 were distressed with a median sales price of $190,000 and average sales price of $225,768.  The 11 'traditional' home sales had a median price of $244,000 and an average sales price of $227,957.This data provides evidence that buyers are still selective in their home search and that they are buying a disproportionate number of distressed homes.  The average difference in sales price of only $2,189 indicates that buyers may not prefer foreclosure and short sale properties, but are interested in homes that ... more

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