Is Silverton, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Silverton was a Seller's Market.
Key Takeaway
Silverton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silverton, OR
How much do homes in Silverton, OR cost?
Median Sold Price
$609,900
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Silverton have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Silverton was $609,900 in May 2024, up 11.1% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $383K | N/A |
| 2 Bedrooms | $394.2K | $379.5K | -3.7% |
| 3 Bedrooms | $522.5K | $568.5K | +8.8% |
| 4 Bedrooms | $630.7K | $650K | +3.1% |
| 5+ Bedrooms | $695K | $645K | -7.2% |
Summary: Silverton 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 3.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in Silverton, OR
How many homes are available in Silverton, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Summary: The Silverton real estate market had 47 homes for sale in May 2024, a 14.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Silverton 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 increased by 25%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silverton, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Silverton in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 66 Days | +44.6% |
Summary: Homes in Silverton had an average of 66 days on market in May 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 May 2024, 5 homes were sold in Silverton; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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