Is Silverton, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Silverton was a Seller's Market.
Housing Prices in Silverton, OR
How much do homes in Silverton, OR cost?
Median Sold Price
$599,500
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Silverton was $599,500 in March 2024, up 8.4% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $383K | N/A |
2 Bedrooms | $387K | $445.7K | +15.2% |
3 Bedrooms | $519.9K | $557.9K | +7.3% |
4 Bedrooms | $628.2K | $650K | +3.5% |
5+ Bedrooms | $772.5K | $645K | -16.5% |
Summary: Silverton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in Silverton, OR
How many homes are available in Silverton, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 41 | -14.6% |
Summary: The Silverton real estate market had 41 homes for sale in March 2024, a 14.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 23 | 20 | -13.0% |
4 Bedrooms | 16 | 12 | -25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Silverton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 3 | -70.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Silverton in March 2024, down by 70.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 7 Days | -90.8% |
Summary: Homes in Silverton had an average of 7 days on market in Mar 2024, down by 90.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Silverton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.