Is Silver Lake, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Lake is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Silver Lake has remained a Seller's Market.

Key Takeaway

Silver Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Silver Lake, WI

How much do homes in Silver Lake, WI cost?

Median Sold Price

$315,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$48,000(+18.0%)

Key Takeaway

Homes in Silver Lake have sold for 18% more than they did a year ago.

Summary: The median home sold price in Silver Lake was $315,000 in October 2024, up 18% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $199K$247.4K
+24.4%
3 $262.9K$320K
+21.7%
4 $361.2K$330K
-8.7%
5+ $313K$489.9K
+56.5%

Summary: Silver Lake 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 24.4%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 56.5%.

Median Sold Price Compared To Nearby Cities

Silver Lake
+18.0%
Salem
0.0%
Trevor
-6.2%

Housing Supply in Silver Lake, WI

How many homes are available in Silver Lake, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
67+16.7%

Summary: The Silver Lake real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Silver Lake 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 increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Lake, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Silver Lake in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Silver Lake, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Silver Lake, WI

Nearby Markets to Silver Lake, WI

What housing markets are near Silver Lake, WI?