Is Silver Lake, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
Since last year, Silver Lake has remained a Seller's Market.
Key Takeaway
Silver Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Silver Lake, OH cost?
Median Sold Price
$295,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$5,000(+1.7%)
Key Takeaway
Homes in Silver Lake have sold for 1.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $259.5K | +48.3% |
| 3 Bedrooms | $250K | $290K | +16.0% |
| 4 Bedrooms | $360K | $343.7K | -4.5% |
| 5+ Bedrooms | $305K | $570K | +86.9% |
Median Sold Price Compared To Nearby Cities
| Stow | $220K | $240.5K | +9.3% |
| Cuyahoga Falls | $165K | $180K | +9.1% |
| Silver Lake | $290K | $295K | +1.7% |
How many homes are available in Silver Lake, OH?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 9 | 11 | +22.2% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Lake, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 44 Days | 38 Days | -13.6% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Lake are selling fast, if you're buying plan to act quickly.
