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 January 2023

At the same time last year, Silverado was a Neutral 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

$1,000,000

$595/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$180,000(+22.0%)

Key Takeaway

Homes in Silverado have sold for 22% more than they did a year ago.

Summary: The median home sold price in Silverado was $1,000,000 in January 2024, up 22% from last year, and the median price per square foot was $595.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $474.7K-
N/A
2 $689K$675K
-2.0%
3 $820K$920K
+12.2%
4 $964K$1.0M
+13.6%
5+ $1.9M$2.1M
+8.7%

Summary: Silverado housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 8.7%.

Median Sold Price Compared To Nearby Cities

Silverado
+22.0%
Irvine-Lake Forest
+6.1%
Rancho Santa Margarita
+4.5%
Anaheim-Santa Ana-Garden Grove
+2.7%
Elsinore Valley
0%

Housing Supply in Silverado, CA

How many homes are available in Silverado, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1215+25.0%

Summary: The Silverado real estate market had 15 homes for sale in January 2024, a 25.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 710
+42.9%
4 11
0.0%
5+ 43
-25.0%

Summary: The Silverado housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
110.0%

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.

Summary: A total of 1 homes were sold or pending in Silverado in January 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Jan 2023Jan 2024CHANGE
24 Days371 Days+1445.8%

Summary: Homes in Silverado had an average of 371 days on market in Jan 2024, up by 1445.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Silverado are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 1 homes were sold in Silverado; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

Newest Listings in Silverado, CA

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