The Silver Lake housing market is very competitive. The median sale price of a home in Silver Lake was $264K last month, up 3.5% since last year. The median sale price per square foot in Silver Lake is $169, down 7.9% since last year.
What is the housing market like in Silver Lake today?
In May 2025, Silver Lake home prices were up 3.5% compared to last year, selling for a median price of $264K. On average, homes in Silver Lake sell after 7 days on the market compared to 11 days last year. There were 17 homes sold in May this year, up from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$263,900
+3.5% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Silver Lake, MN
$263,900
+3.5%
United States
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How hot is the Silver Lake housing market?
Silver Lake is very competitive. Homes sell in 13.5 days.
0
100
86
Very Competitive
Redfin Compete Score™
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 14 days.
Hot homes
can sell for about 4% above list price and go pending in around 5 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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 - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Lake has a moderate risk of flooding. 84 properties in Silver Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Silver Lake. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Silver Lake has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Silver Lake is most at risk from tornadoes. 1,310 properties in Silver Lake have some risk of being in a severe wind event within the next 30 years.