Is Silverado, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silverado is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Silverado was a Seller's Market.

Key Takeaway

Silverado is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Silverado, CA cost?

Median Sold Price

$820,000

$536/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$73,250(+9.8%)

Key Takeaway

Homes in Silverado have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $452.5K$474.7K
+4.9%
2 $576K$696K
+20.8%
3 $750K$790K
+5.3%
4 $924K$964K
+4.3%
5+ $1.7M$2.2M
+27.2%

Median Sold Price Compared To Nearby Cities

Irvine-Lake Forest
+26.1%
Elsinore Valley
+12.3%
Rancho Santa Margarita
+11.3%
Anaheim-Santa Ana-Garden Grove
+11.1%
Silverado
+9.8%

How many homes are available in Silverado, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
1411-21.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 11
0.0%
3 108
-20.0%
4 11
0.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silverado, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days42 Days+35.5%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Silverado has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Silverado, CA

Silverado, CA has 11 homes on the market. The number of listings in Silverado, CA decreased by 21.4% between October 2022 and November 2022. In November 2022, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $820,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 4.9%, prices of 2 bedrooms properties increased by 20.8%, prices of 3 bedrooms properties increased by 5.3%, prices of 4 bedrooms properties went up by 4.3%, prices of 5 bedrooms properties increased by 27.2%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 100%, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes decreased by 20%, number of 4 bedrooms homes remained the same, 5 bedrooms homes did not move. In November 2022 more than 0 listings in Silverado, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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