$6,056 Closing Credit*
$510,000
1,589 SqFt
3 Beds
•2 Full Baths
Diane Lokan, Listing Office: John L. Scott/LVW
Is Silverlake, WA 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, Silverlake has remained a Seller's Market.
Key Takeaway
Silverlake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silverlake, WA
How much do homes in Silverlake, WA cost?
Median Sold Price
$455,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.1%)
Key Takeaway
Homes in Silverlake have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Silverlake was $455,000 in October 2024, up 1.1% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250.1K | - | N/A |
| 2 Bedrooms | $420K | $377.8K | -10.0% |
| 3 Bedrooms | $439K | $466.2K | +6.2% |
| 4 Bedrooms | $654.5K | - | N/A |
| 5+ Bedrooms | $625K | - | N/A |
Summary: Silverlake 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 decreased by 10%, 3 bedroom homes increased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Northeast Cowlitz | $419K | $439.5K | +4.9% |
| Silverlake | $450K | $455K | +1.1% |
Housing Supply in Silverlake, WA
How many homes are available in Silverlake, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Silverlake real estate market had 21 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Silverlake 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silverlake, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Silverlake in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Silverlake, WA
How long does it take to sell a home in Silverlake, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 117 Days | 71 Days | -38.7% |
Summary: Homes in Silverlake had an average of 71 days on market in Oct 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Silverlake has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Silverlake; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.