The Silver Lake housing market is very competitive. The median sale price of a home in Silver Lake was $258K last month, up 13.9% since last year. The median sale price per square foot in Silver Lake is $152, down 14.8% since last year.
What is the housing market like in Silver Lake today?
In March 2024, Silver Lake home prices were up 13.9% compared to last year, selling for a median price of $258K. On average, homes in Silver Lake sell after 22 days on the market compared to 15 days last year. There were 11 homes sold in March this year, down from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$258,000
+13.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Silver Lake, MN
$258,000
+13.9%
United States
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How hot is the Silver Lake housing market?
Silver Lake is very competitive. Homes sell in 12 days.
0
100
87
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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 12 days.
Hot homes
can sell for about 3% 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.
Risk Factor
Flood Factor - Major
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Lake has a major risk of flooding. 103 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.
89% of properties are at risk of wildfire over the next 30 years
Fire Factor
Silver Lake has a moderate risk of wildfire. There are 1,171 properties in Silver Lake that have some risk of being affected by wildfire over the next 30 years. This represents 89% of all properties in Silver Lake.
Silver Lake has minimal risk of severe winds over the next 30 years
Wind Factor
Silver Lake has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.