Is Silverado, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Silverado has remained a Buyer's Market.
Key Takeaway
Silverado is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silverado, CA
How much do homes in Silverado, CA cost?
Median Sold Price
$975,000
$609/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Silverado have sold for 24.6% more than they did a year ago.
Summary: The median home sold price in Silverado was $975,000 in May 2024, up 24.6% from last year, and the median price per square foot was $609.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $474.7K | - | N/A |
| 2 Bedrooms | $515K | $695K | +35.0% |
| 3 Bedrooms | $775K | $947.5K | +22.3% |
| 4 Bedrooms | $1.0M | $1.1M | +13.6% |
| 5+ Bedrooms | $1.7M | $2.1M | +22.8% |
Summary: Silverado housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 22.8%.
Median Sold Price Compared To Nearby Cities
| Silverado | $782.5K | $975K | +24.6% |
| Rancho Santa Margarita | $854K | $1.0M | +17.8% |
| Irvine-Lake Forest | $1.2M | $1.3M | +16.1% |
| Anaheim-Santa Ana-Garden Grove | $849.9K | $929K | +9.3% |
| Elsinore Valley | $592.5K | $626.3K | +5.7% |
Housing Supply in Silverado, CA
How many homes are available in Silverado, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Silverado real estate market had 21 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Silverado housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Silverado, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Silverado in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Silverado, CA
How long does it take to sell a home in Silverado, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 9 Days | -26.9% |
Summary: Homes in Silverado had an average of 9 days on market in May 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silverado are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Silverado; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.