From January through March of 2020, there were 25 homes sold, with a median sale price of $490,000. There were 29 homes sold in Shorewood in the first quarter of 2019, and the median sales price for the period was also $490,000.
The median sales tax in Shorewood for the most recent year with available data, 2019, was $6,076, approximately 1.2% of the median home sale price for the first quarter of 2020.
The following table compares Shorewood to other Hennepin County cities with similar median sales prices in the first quarter of 2020:
| City | Jan. - Mar. 2020 Home Sales | Jan. - Mar. 2019 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2020 Median Sales Price | Jan. - Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tonka Bay | 3 | 5 | -40% | $640,000 | $680,000 | -5.9% |
| Independence | 7 | 14 | -50% | $615,000 | $375,000 | 64% |
| Medicine Lake | 3 | 3 | 0% | $574,000 | $1,105,000 | -48.1% |
| Medina | 23 | 23 | 0% | $552,000 | $600,000 | -8% |
| Edina | 108 | 120 | -10% | $526,500 | $524,500 | 0.4% |
| Shorewood | 25 | 29 | -13.8% | $490,000 | $490,000 | 0% |
| Minnetrista | 34 | 42 | -19% | $474,325 | $453,450 | 4.6% |
| Minnetonka | 128 | 138 | -7.2% | $427,000 | $370,000 | 15.4% |
| Hanover | 4 | 3 | 33.3% | $403,633.34 | $310,000 | 30.2% |
| Eden Prairie | 112 | 161 | -30.4% | $389,000 | $367,000 | 6% |
| Corcoran | 13 | 8 | 62.5% | $375,000 | $384,250 | -2.4% |
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