Is Silverton, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Silverton was a Seller's Market.
Housing Prices in Silverton, OR
How much do homes in Silverton, OR cost?
Median Sold Price
$609,900
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Silverton was $609,900 in May 2024, up 11.1% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $383K | N/A |
2 Bedrooms | $394.2K | $379.5K | -3.7% |
3 Bedrooms | $522.5K | $568.5K | +8.8% |
4 Bedrooms | $630.7K | $650K | +3.1% |
5+ Bedrooms | $695K | $645K | -7.2% |
Summary: Silverton 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 decreased by 3.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in Silverton, OR
How many homes are available in Silverton, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 47 | +14.6% |
Summary: The Silverton real estate market had 47 homes for sale in May 2024, a 14.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 22 | 27 | +22.7% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Silverton 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 increased by 25%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Silverton in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Silverton, OR
How long does it take to sell a home in Silverton, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 66 Days | +44.6% |
Summary: Homes in Silverton had an average of 66 days on market in May 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Silverton; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.