$10,000 Closing Credit*
$1,279,000
1,775 SqFt
3 Beds
•3 Full Baths
Liam Petrov, Listing Office: Luxury Collective
Is Silver Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Silver Lake has remained a Seller's Market.
Key Takeaway
Silver Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Lake, CA
How much do homes in Silver Lake, CA cost?
Median Sold Price
$1,485,000
$857/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$65,000(-4.2%)
Key Takeaway
Homes in Silver Lake have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Silver Lake was $1,485,000 in November 2024, down 4.2% from last year, and the median price per square foot was $857.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $670K | $855K | +27.6% |
| 2 Bedrooms | $1.2M | $1.1M | -1.9% |
| 3 Bedrooms | $1.6M | $1.5M | -3.9% |
| 4 Bedrooms | $1.9M | $2.2M | +17.2% |
| 5+ Bedrooms | $2.1M | $1.6M | -20.8% |
Summary: Silver Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 20.8%.
Housing Supply in Silver Lake, CA
How many homes are available in Silver Lake, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 88 | +2.3% |
Summary: The Silver Lake real estate market had 88 homes for sale in November 2024, a 2.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 16 | -23.8% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Silver Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Lake, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Silver Lake in November 2024, up by 50.0% month-over-month. Of the 21 sold homes, 24% were sold under asking, 5% were sold at asking, and 71% were sold over asking.
Days on Market for Silver Lake, CA
How long does it take to sell a home in Silver Lake, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 42 Days | +39.3% |
Summary: Homes in Silver Lake had an average of 42 days on market in Nov 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Silver Lake; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.