$10,000 Closing Credit*
$1,995,000
1,900 SqFt
3 Beds
•3 Full Baths
Nicholas Sandler, Listing Office: The Agency
Is Silver Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Silver Lake was a Buyer'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, CA
How much do homes in Silver Lake, CA cost?
Median Sold Price
$1,485,000
$852/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$140,000(-8.6%)
Key Takeaway
Homes in Silver Lake have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Silver Lake was $1,485,000 in October 2024, down 8.6% from last year, and the median price per square foot was $852.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $658K | $795.5K | +20.9% |
| 2 Bedrooms | $1.2M | $1.1M | -9.0% |
| 3 Bedrooms | $1.7M | $1.5M | -8.4% |
| 4 Bedrooms | $2.1M | $2.0M | -2.1% |
| 5+ Bedrooms | $2.1M | $1.6M | -20.8% |
Summary: Silver Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.9%, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 2.1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 95 | +25.0% |
Summary: The Silver Lake real estate market had 95 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 18 | 21 | +16.7% |
| 3 Bedrooms | 29 | 37 | +27.6% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Silver Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Silver Lake in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 39 Days | +66.2% |
Summary: Homes in Silver Lake had an average of 39 days on market in Oct 2024, up by 66.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 14 homes were sold in Silver Lake; 71% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 21% 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.