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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Lake is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Silver Lake was a Seller's Market.

Key Takeaway

Silver Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Silver Lake, WI

How much do homes in Silver Lake, WI cost?

Median Sold Price

$315,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$43,000(+15.8%)

Key Takeaway

Homes in Silver Lake have sold for 15.8% more than they did a year ago.

Summary: The median home sold price in Silver Lake was $315,000 in May 2024, up 15.8% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $234.5K$199K
-15.1%
3 $251.9K$325K
+29.0%
4 $361.2K$317.5K
-12.1%
5+ $313K$200K
-36.1%

Summary: Silver Lake 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 decreased by 15.1%, 3 bedroom homes increased by 29%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 36.1%.

Median Sold Price Compared To Nearby Cities

Silver Lake
+15.8%
Salem
-3.3%
Trevor
-7.7%

Housing Supply in Silver Lake, WI

How many homes are available in Silver Lake, WI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
56+20.0%

Summary: The Silver Lake real estate market had 6 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 45
+25.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Silver Lake 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Silver Lake in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Silver Lake, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 1 Day Ago

Newest Listings in Silver Lake, WI

Nearby Markets to Silver Lake, WI

What housing markets are near Silver Lake, WI?