Is Silverlake, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silverlake is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Silverlake has remained a Seller's Market.

Key Takeaway

Silverlake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Silverlake, WA cost?

Median Sold Price

$439,950

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$12,044(+2.8%)

Key Takeaway

Homes in Silverlake have sold for 2.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$216K
N/A
2 $445.8K$425K
-4.7%
3 $399K$440K
+10.3%
4 $505K$685K
+35.6%
5+ $471.5K-
N/A

Median Sold Price Compared To Nearby Cities

Silverlake
+2.8%
Northeast Cowlitz
-17.3%

How many homes are available in Silverlake, WA?

Number of Homes For Sale

Aug 2022Sep 2022%
2019-5.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 33
0.0%
3 1211
-8.3%
4 44
0.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
38+166.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silverlake, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
49 Days45 Days-7.9%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Silverlake 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 Silverlake, WA

Number of homes for sale in Silverlake, WA real estate market have reached 19. The inventory of homes for sale in Silverlake, WA between August 2022 and September 2022 decreased by 5%. While the average time on the market in September 2022 was 45 days, the median list price was $439,950. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went down by 4.7%, 3 bedrooms properties prices increased by 10.3%, 4 bedrooms properties became 35.6% more expensive, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 8.3% less available, 4 bedrooms homes did not move, 5 bedrooms homes inventory did not change. In September 2022 more than 6 listings in Silverlake, WA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.