Is Silverado, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Silverado has remained a Seller's Market.
Housing Prices in Silverado, CA
How much do homes in Silverado, CA cost?
Median Sold Price
$987,500
$602/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Silverado was $987,500 in April 2024, up 29.9% from last year, and the median price per square foot was $602.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $474.7K | - | N/A |
2 Bedrooms | $686.5K | $692.5K | +0.9% |
3 Bedrooms | $747.5K | $947.5K | +26.8% |
4 Bedrooms | $1.0M | $1.1M | +14.7% |
5+ Bedrooms | $2.0M | $2.1M | +6.8% |
Summary: Silverado housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Silverado | $760K | $987.5K | +29.9% |
Irvine-Lake Forest | $1.2M | $1.3M | +13.7% |
Rancho Santa Margarita | $865K | $978.3K | +13.1% |
Anaheim-Santa Ana-Garden Grove | $850K | $916K | +7.8% |
Elsinore Valley | $596.6K | $620K | +3.9% |
Housing Supply in Silverado, CA
How many homes are available in Silverado, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The Silverado real estate market had 17 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Silverado housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Silverado in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 53 Days | +460.5% |
Summary: Homes in Silverado had an average of 53 days on market in Apr 2024, up by 460.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Silverado; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.