diff --git a/stdlib/cmake/modules/AddSwiftStdlib.cmake b/stdlib/cmake/modules/AddSwiftStdlib.cmake
index c3ad95c05c6a0..8bef94ac1529a 100644
--- a/stdlib/cmake/modules/AddSwiftStdlib.cmake
+++ b/stdlib/cmake/modules/AddSwiftStdlib.cmake
@@ -2492,10 +2492,10 @@ function(add_swift_target_library name)
             "${SWIFTLIB_DIR}/${library_subdir}/${CMAKE_SHARED_LIBRARY_PREFIX}${name}${CMAKE_SHARED_LIBRARY_SUFFIX}")
         endif()
       else()
-        if(SWIFTLIB_INSTALL_WITH_SHARED)
-          set(lib_dir "${SWIFTLIB_DIR}")
-        else()
+        if(SWIFT_SDK_${sdk}_STATIC_ONLY)
           set(lib_dir "${SWIFTSTATICLIB_DIR}")
+        else()
+          set(lib_dir "${SWIFTLIB_DIR}")
         endif()
 
         if("${sdk}" STREQUAL "WINDOWS")