Is Silverado, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Silverado was a Buyer's Market.
Housing Prices in Silverado, CA
How much do homes in Silverado, CA cost?
Median Sold Price
$975,000
$623/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Silverado was $975,000 in June 2024, up 20.4% from last year, and the median price per square foot was $623.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $474.7K | - | N/A |
2 Bedrooms | $405K | $717.5K | +77.2% |
3 Bedrooms | $790K | $920K | +16.5% |
4 Bedrooms | $1.0M | $1.2M | +25.0% |
5+ Bedrooms | $1.7M | $2.3M | +32.8% |
Summary: Silverado housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 77.2%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Cities
Silverado | $810K | $975K | +20.4% |
Irvine-Lake Forest | $1.2M | $1.4M | +17.2% |
Rancho Santa Margarita | $868K | $997.5K | +14.9% |
Anaheim-Santa Ana-Garden Grove | $849.5K | $936.2K | +10.2% |
Elsinore Valley | $590K | $629K | +6.6% |
Housing Supply in Silverado, CA
How many homes are available in Silverado, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Summary: The Silverado real estate market had 24 homes for sale in June 2024, a 14.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Silverado housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Silverado in June 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
5 Days | 38 Days | +600.0% |
Summary: Homes in Silverado had an average of 38 days on market in Jun 2024, up by 600% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 6 homes were sold in Silverado; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.