$7,422 Closing Credit*
$625,000
1,528 SqFt
3 Beds
•2 Full Baths
Daniel Hernandez, Listing Office: Sunlife Realtors
Is Silver Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Silver Lakes was a Neutral Market.
Key Takeaway
Silver Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silver Lakes, FL
How much do homes in Silver Lakes, FL cost?
Median Sold Price
$672,500
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,600(+1.9%)
Key Takeaway
Homes in Silver Lakes have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Silver Lakes was $672,500 in November 2024, up 1.9% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $440K | $478K | +8.6% |
| 3 Bedrooms | $575K | $630K | +9.6% |
| 4 Bedrooms | $715K | $705K | -1.4% |
| 5+ Bedrooms | $949K | $850K | -10.4% |
Summary: Silver Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in Silver Lakes, FL
How many homes are available in Silver Lakes, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The Silver Lakes real estate market had 26 homes for sale in November 2024, a 8.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Silver Lakes 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Lakes, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Silver Lakes in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Silver Lakes, FL
How long does it take to sell a home in Silver Lakes, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 87 Days | +131.0% |
Summary: Homes in Silver Lakes had an average of 87 days on market in Nov 2024, up by 131% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Silver Lakes has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Silver Lakes; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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