Is Silver Lakes, FL 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, Silver Lakes has remained a Seller's Market.
Housing Prices in Silver Lakes, FL
How much do homes in Silver Lakes, FL cost?
Median Sold Price
$665,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Silver Lakes was $665,000 in April 2024, down 0.7% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $407.5K | $447.5K | +9.8% |
3 Bedrooms | $590K | $605K | +2.5% |
4 Bedrooms | $720K | $725K | +0.7% |
5+ Bedrooms | $1.1M | $899K | -21.8% |
Summary: Silver Lakes 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 9.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 21.8%.
Housing Supply in Silver Lakes, FL
How many homes are available in Silver Lakes, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Summary: The Silver Lakes real estate market had 27 homes for sale in April 2024, a 3.8% increase 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 | 2 | 2 | 0.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Silver Lakes 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Silver Lakes in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Silver Lakes, FL
How long does it take to sell a home in Silver Lakes, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 32 Days | -39.2% |
Summary: Homes in Silver Lakes had an average of 32 days on market in Apr 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Silver Lakes; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.