Is Silverton, OR 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, Silverton has remained a Seller's Market.
Key Takeaway
Silverton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silverton, OR
How much do homes in Silverton, OR cost?
Median Sold Price
$604,950
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Silverton have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Silverton was $604,950 in April 2024, up 10.2% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $383K | N/A |
| 2 Bedrooms | $392.5K | $389K | -0.9% |
| 3 Bedrooms | $519.9K | $580.5K | +11.7% |
| 4 Bedrooms | $630.7K | $645K | +2.3% |
| 5+ Bedrooms | $725K | $645K | -11.0% |
Summary: Silverton 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 decreased by 0.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 11%.
Housing Supply in Silverton, OR
How many homes are available in Silverton, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 41 | +46.4% |
Summary: The Silverton real estate market had 41 homes for sale in April 2024, a 46.4% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 7 | 13 | +85.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Silverton 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 decreased by 20%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silverton, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Silverton in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Silverton, OR
How long does it take to sell a home in Silverton, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 35 Days | +295.8% |
Summary: Homes in Silverton had an average of 35 days on market in Apr 2024, up by 295.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silverton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Silverton; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.