Silver Lake, MN Housing Market
The Silver Lake housing market is very competitive. The median sale price of a home in Silver Lake was $238K last month, up 8.0% since last year. The median sale price per square foot in Silver Lake is $158, down 9.71% since last year.
Silver Lake Housing Market Trends
In January 2025, Silver Lake home prices were up 8.0% compared to last year, selling for a median price of $238K. On average, homes in Silver Lake sell after 26 days on the market compared to 7 days last year. There were 16 homes sold in January this year, up from 11 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Silver Lake housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 18 days.
- Hot homescan sell for about 3% above list price and go pending in around 7 days.
View houses in Silver Lake that sold recently
Recently sold homes
- $263,900 Last Sold Price3 beds2 baths—sq ft114 NE 14th St NE, Rochester, MN 55906List Price$263,900Sale to List0% over listDays on Market48 days114 NE 14th St NE, Rochester, MN 55906
- $155,000 Last Sold Price2 beds1 bath—sq ft951 13th Ave NE, Rochester, MN 55906List Price$150,000Sale to List3% over listDays on Market23 days951 13th Ave NE, Rochester, MN 55906
- $295,000 Last Sold Price3 beds2 baths—sq ft739 12th Ave NE, Rochester, MN 55906List Price$279,900Sale to List5% over listDays on Market59 days739 12th Ave NE, Rochester, MN 55906
- $270,000 Last Sold Price3 beds2 baths—sq ft917 17th Ave NE, Rochester, MN 55906List Price$259,000Sale to List4% over listDays on Market26 days917 17th Ave NE, Rochester, MN 55906
- $35,000 Last Sold Price—beds—baths—sq ftxxxx 19th Ave NE, Rochester, MN 55906List Price$39,900Sale to List12% under listDays on Market7 daysxxxx 19th Ave NE, Rochester, MN 55906
- $269,900 Last Sold Price2 beds3 baths—sq ft1806 9th St NE, Rochester, MN 55906List Price$269,900Sale to List0% over listDays on Market44 days1806 9th St NE, Rochester, MN 55906
- $308,000 Last Sold Price4 beds3 baths—sq ft1602 7th St NE, Rochester, MN 55906List Price$330,000Sale to List7% under listDays on Market92 days1602 7th St NE, Rochester, MN 55906
- $380,000 Last Sold Price3 beds3 baths—sq ft1205 19th Ave NE, Rochester, MN 55906List Price$400,000Sale to List5% under listDays on Market57 days1205 19th Ave NE, Rochester, MN 55906
See all recently sold homes in Silver Lake.
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Schools in Silver Lake
- Elementary
- Middle
- High
GreatSchools Rating
NR Jefferson Elementary School Public • PreK-5 | 579 Students | N/A |
Climate's impact on Silver Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Silver Lake.
Flood Factor - Minor
Flood Factor

Fire Factor - Minimal
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minor
Heat Factor

Transportation in Silver Lake
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