Shorewood, WI Real Estate

The Village of Shorewood is conveniently located just minutes from Milwaukee. Shorewood covers approximately one and a half square miles and is home to over 14,000 residents, making it the most densely populated village in Wisconsin — and for good reason! Shorewood is a community that borders Lake Michigan and the Milwaukee River, boasts stunning architecture, includes various recreational activities and has a proud community feel among its residents.

Shorewood is a walkable community of beautiful old houses, tree-lined streets and tight-knit neighborhoods. Most of the homes for sale in Shorewood, Wisconsin are between 90 and 100 years old, combining traditional charm with modern, updated amenities and appliances. Perhaps the most well-known residential area in Shorewood is Lake Drive, the winding street that offers priceless views of the shimmering Lake Michigan. The houses for sale on Lake Drive are some of the most beautiful in Milwaukee with their timeless facades and manicured lawns.

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As a community, Shorewood stresses the importance of being eco-conscious by reducing dependence on fossil fuels, chemicals and other manufactured substances. The Shorewood Conservation Committee developed the Green Leaf Award to encourage local businesses to shift towards a more sustainable way of doing business. Shorewood’s business district, united by the Shorewood Area Chamber of Commerce, is bustling and includes more than 250 unique businesses sitting primarily along North Oakland Avenue and East Capitol Drive.
In addition to environmental responsibility, Shorewood stresses the importance of networking within the city and building a sense of community among its residents. Shorewood neighborhoods participate in a friendly competition for “Neighborhood of the Year.” The winner is chosen based upon their community involvement and is gifted a plaque installed on their residential block.
Shorewood, Wisconsin is also bustling with recreational opportunities. It has more than 13 acres of village parkland, including three major parks and two neighborhood parks. These parks offer athletics such as baseball and soccer as well as some of the big events in the area such as the Memorial Day Celebration, the Fourth of July Celebration, the Annual Men’s Club Chicken Barbeque and the Shorewood Summer Sounds Concert Band Series. Summer Sounds is a free concert featuring a variety of genres including jazz, contemporary rock, blues, bossanova swing, funk and traditional bluegrass.
Shorewood is absolutely laden with excellent restaurants which offers a wide variety of places to eat in Shorewood. For an upscale dinner, stop by Shorewood’s North Star Bistro. If you can’t find a sitter on date night, North Star offers a kids’ room to entertain children while you relax and eat! North Star is also the perfect place for a fancy family dinner together. Be sure to try one of the unique drinks (the Lucille Bluth is just as interesting as its television namesake) to accompany your dinner. Start off with the pistachio-crusted, warm goat cheese or their signature crab cakes. For a salad, try the scallop and truffle salad or the duck crunch salad — both are lightly decadent, healthy options. And don’t leave without trying the bourbon salmon and bacon-wrapped meatloaf! North Star has truly perfected a combination of breezy elegance and upscale comfort food. If you prefer something more relaxed, don’t miss Benji’s Deli. It rose to national fame on Adam Richman’s Travel Channel show “Man vs. Food,” but Shorewood residents have known about this treasure for generations. Their corned beef is unrivalled — be sure to try it on the “Hear O Israel” sandwich alongside pastrami, salami, peppered beef, swiss cheese, cole slaw and thousand island dressing! For an authentic English pub, stop in Three Lions Pub for fish and chips, black pudding and British and Wisconsin ciders and beers.

Shorewood Schools

The Shorewood School District is one of the best in the nation. The Shorewood School District is comprised of two elementary schools, one middle school and one high school. The nationally recognized school system offers excellent academic programs integrating athletics, music, art and drama. The high school is known state wide for its exceptional drama program — recently they have performed The Laramie Project, Les Miserables and A Few Good Men, among others! The Shorewood School District ranked tenth among the 50 schools in southeast Wisconsin for diversity at 26.7% and has students from 36 countries that speak 32 languages.
Shorewood High School was named a Blue Ribbon school for consistently high test scores by the United States Department of Education. Shorewood High was also recognized by major publications like Newsweek, U.S. World News and World Report as one of the best high schools in the country. Recently, U.S. News ranked Shorewood High School as the best high school in all of Wisconsin! The Association of Wisconsin School Administrators and the Wisconsin Department of Public Instruction named Shorewood Intermediate School as an Exemplary Middle School. These accolades are understandable, given the highly educated staff: more than 73% of teachers in the Shorewood School District hold a master’s degree or higher.

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The village of Shorewood, Wisconsin has had many names over the course of its existence, including Mechanicsville, Cementville and East Milwaukee. Mechanicsville was assigned to the land after it had erected its first dam and saw mill in 1836. The name Cementville arose after a discovery in 1875 regarding limestone as natural cement. In 1917, it was renamed Shorewood to more aptly describe its environment of sustainable homes.

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Shorewood properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Atwater Elementary School (Shorewood) Shorewood School District public 494 Not Provided Atwater Elementary School GreatSchools Rating
Lake Bluff Elementary School (Shorewood) Shorewood School District public 581 Not Provided Lake Bluff Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Shorewood Intermediate School (Shorewood) Shorewood School District public 309 Not Provided Shorewood Intermediate School GreatSchools Rating
St Robert Elementary School (Shorewood) private 355 Not Provided St Robert Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
New Horizons For Learning (Shorewood) Shorewood School District charter 17 Not Provided New Horizons For Learning GreatSchools Rating
Shorewood High School (Shorewood) Shorewood School District public 652 Not Provided Shorewood High School GreatSchools Rating
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Market Conditions

Market Conditions for Shorewood

August 2017

Median Sale Price
$318,000

 DOWN -2.90%
vs. Month Ago
Homes for Sale
31

 UP 10.71%
vs. Month Ago
Homes Sold
21

 UP 5.00%
vs. Month Ago
Avg Days on Market
28

 UP 21.73%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $318,000. The median sales price for homes in August fell by ($9,500) compared to last month. This represents a 2.9% decrease from July. Compared to the same month last year, the median price of homes did not change $0 representing a 0% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale rose by 3 in August to 31. This represents 10.71% increase from July when 28 homes were on the market. Compared to the same month last year when there were 26 homes for sale, the inventory of homes for sale has risen by 5 representing a 19.23% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The inventory of homes for sale rose by 3 in August to 31. This represents 10.71% increase from July when 28 homes were on the market. Compared to the same month last year when there were 26 homes for sale, the inventory of homes for sale has risen by 5 representing a 19.23% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Avg Days on Market

The average days on market for a home sold in August (28) increased by 5 days compared to July. This represents a 21.73% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 19, a -40.42% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 96.97% in August fell by 1% compared to July and increased 0.9% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in August (14) fell by 7 compared to July, a 33.33% change. Compared to August 2016, the number of new listings increased by 5, a 55.55% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in August was $384,000. The median list price for homes in August rose by $9,000 compared to last month. This represents a 2.4% increase from July. Compared to the same month last year, the median list price of homes increased $94,100 representing a 32.45% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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