Is Silverdale, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Silverdale has remained a Seller's Market.
Housing Prices in Silverdale, WA
How much do homes in Silverdale, WA cost?
Median Sold Price
$550,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Silverdale was $550,000 in May 2024, down 3% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319.9K | - | N/A |
2 Bedrooms | $375K | $395K | +5.3% |
3 Bedrooms | $537K | $530K | -1.3% |
4 Bedrooms | $645.5K | $637K | -1.3% |
5+ Bedrooms | $762.2K | $809.7K | +6.2% |
Summary: Silverdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in Silverdale, WA
How many homes are available in Silverdale, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
69 | 80 | +15.9% |
Summary: The Silverdale real estate market had 80 homes for sale in May 2024, a 15.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 28 | 34 | +21.4% |
4 Bedrooms | 30 | 32 | +6.7% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Silverdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 21 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Silverdale in May 2024, up by 50.0% month-over-month. Of the 21 sold homes, 10% were sold under asking, 57% were sold at asking, and 33% were sold over asking.
Days on Market for Silverdale, WA
How long does it take to sell a home in Silverdale, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
62 Days | 36 Days | -41.8% |
Summary: Homes in Silverdale had an average of 36 days on market in May 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Silverdale; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.