$8,479 Closing Credit*
$714,000
2,175 SqFt
4 Beds
•2 Full Baths, 1 Partial
Carolina Villegas, Listing Office: Compass Florida, LLC
Is Silver Lakes, FL 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 Lakes was a Seller's Market.
Key Takeaway
Silver Lakes 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 Lakes, FL
How much do homes in Silver Lakes, FL cost?
Median Sold Price
$670,000
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,050(+1.5%)
Key Takeaway
Homes in Silver Lakes have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Silver Lakes was $670,000 in October 2024, up 1.5% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $440K | $478K | +8.6% |
| 3 Bedrooms | $575K | $630K | +9.6% |
| 4 Bedrooms | $721K | $700K | -2.9% |
| 5+ Bedrooms | $924K | $875K | -5.3% |
Summary: Silver Lakes 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 8.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in Silver Lakes, FL
How many homes are available in Silver Lakes, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Silver Lakes real estate market had 25 homes for sale in October 2024, a 7.4% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Lakes 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 decreased by 28.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Silver Lakes in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 70 Days | +279.2% |
Summary: Homes in Silver Lakes had an average of 70 days on market in Oct 2024, up by 279.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Silver Lakes are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Silver Lakes; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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