diff --git a/Makefile.pre.in b/Makefile.pre.in
index dd6c3fbd1c6483..75cc5f0e235015 100644
--- a/Makefile.pre.in
+++ b/Makefile.pre.in
@@ -1803,7 +1803,15 @@ commoninstall:  check-clean-src @FRAMEWORKALTINSTALLFIRST@ \
 # Install shared libraries enabled by Setup
 DESTDIRS=	$(exec_prefix) $(LIBDIR) $(BINLIBDEST) $(DESTSHARED)
 
-sharedinstall: $(DESTSHARED) all
+sharedinstall: all
+		@for i in $(DESTDIRS); \
+		do \
+			if test ! -d $(DESTDIR)$$i; then \
+				echo "Creating directory $$i"; \
+				$(INSTALL) -d -m $(DIRMODE) $(DESTDIR)$$i; \
+			else    true; \
+			fi; \
+		done
 		@for i in X $(SHAREDMODS); do \
 		  if test $$i != X; then \
 		    echo $(INSTALL_SHARED) $$i $(DESTSHARED)/`basename $$i`; \
@@ -1815,17 +1823,6 @@ sharedinstall: $(DESTSHARED) all
 		  fi; \
 		done
 
-
-$(DESTSHARED):
-		@for i in $(DESTDIRS); \
-		do \
-			if test ! -d $(DESTDIR)$$i; then \
-				echo "Creating directory $$i"; \
-				$(INSTALL) -d -m $(DIRMODE) $(DESTDIR)$$i; \
-			else    true; \
-			fi; \
-		done
-
 # Install the interpreter with $(VERSION) affixed
 # This goes into $(exec_prefix)
 altbininstall: $(BUILDPYTHON) @FRAMEWORKPYTHONW@
diff --git a/Misc/ACKS b/Misc/ACKS
index d50cb3c2d1ee4f..169afc6eb383e4 100644
--- a/Misc/ACKS
+++ b/Misc/ACKS
@@ -640,6 +640,7 @@ Tiago Gonçalves
 Chris Gonnerman
 Shelley Gooch
 David Goodger
+Michał Górny
 Elliot Gorokhovsky
 Hans de Graaff
 Tim Graham
diff --git a/Misc/NEWS.d/next/Build/2022-12-18-08-33-28.gh-issue-100221.K94Ct3.rst b/Misc/NEWS.d/next/Build/2022-12-18-08-33-28.gh-issue-100221.K94Ct3.rst
new file mode 100644
index 00000000000000..27c948330cfc17
--- /dev/null
+++ b/Misc/NEWS.d/next/Build/2022-12-18-08-33-28.gh-issue-100221.K94Ct3.rst
@@ -0,0 +1,2 @@
+Fix creating install directories in ``make sharedinstall`` if they exist
+outside ``DESTDIR`` already.