$10,000 Closing Credit*
$899,900
1,266 SqFt
3 Beds
•2 Full Baths
Tim Morissette, Listing Office: Coldwell Banker Realty
Is Silverado, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Silverado has remained a Seller's Market.
Key Takeaway
Silverado is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silverado, CA
How much do homes in Silverado, CA cost?
Median Sold Price
$1,007,500
$628/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,500(+6.1%)
Key Takeaway
Homes in Silverado have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Silverado was $1,007,500 in October 2024, up 6.1% from last year, and the median price per square foot was $628.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $675K | $775K | +14.8% |
| 3 Bedrooms | $817.5K | $975K | +19.3% |
| 4 Bedrooms | $1.0M | $2.0M | +89.5% |
| 5+ Bedrooms | $2.1M | $2.2M | +5.9% |
Summary: Silverado housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 89.5%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Rancho Santa Margarita | $900K | $1.0M | +19.1% |
| Irvine-Lake Forest | $1.2M | $1.4M | +17.6% |
| Anaheim-Santa Ana-Garden Grove | $865.5K | $957.7K | +10.6% |
| Elsinore Valley | $591.3K | $637.8K | +7.9% |
| Silverado | $950K | $1.0M | +6.1% |
Housing Supply in Silverado, CA
How many homes are available in Silverado, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Silverado real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Silverado housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Silverado, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Silverado in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Silverado, CA
How long does it take to sell a home in Silverado, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 72 Days | +145.5% |
Summary: Homes in Silverado had an average of 72 days on market in Oct 2024, up by 145.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Silverado has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Silverado; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.