Is Silver Lake, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Lake is a 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

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $175K$259.5K
+48.3%
3 $250K$290K
+16.0%
4 $360K$343.7K
-4.5%
5+ $305K$570K
+86.9%

Median Sold Price Compared To Nearby Cities

Stow
+9.3%
Cuyahoga Falls
+9.1%
Silver Lake
+1.7%

How many homes are available in Silver Lake, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
911+22.2%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 00
0.0%
3 65
-16.7%
4 36
+100.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
24+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

Asking vs Sold - buyer

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 2022Jan 2023%
44 Days38 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Silver Lake are selling fast, if you're buying plan to act quickly.

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

About Silver Lake, OH

Number of homes for sale in Silver Lake, OH real estate market have reached 11. The number of listings in Silver Lake, OH increased by 22.2% between December 2022 and January 2023. In January 2023 median list price was $295,000 and the average listing age was 38 days. Real estate listing prices changed between December 2022 and January 2023: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 48.3%, prices of 3 bedrooms properties increased by 16%, 4 bedrooms properties became 4.5% more cheaper, the cost of 5 bedrooms properties went up by 86.9%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went down by 16.7%, number of 4 bedrooms homes increased by 100%, volume of 5 bedrooms homes stayed the same. While more than 1 listings in Silver Lake, OH in January 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.

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