The Silver Lake South housing market is somewhat competitive. Homes in Silver Lake South receive 2 offers on average and sell in around 49 days. The median sale price of a home in Silver Lake South was $367K last month, up 11.6% since last year. The median sale price per square foot in Silver Lake South is $193, up 6.0% since last year.
What is the housing market like in Silver Lake South today?
In October 2024, Silver Lake South home prices were up 11.6% compared to last year, selling for a median price of $367K. On average, homes in Silver Lake South sell after 49 days on the market compared to 37 days last year. There were 62 homes sold in October this year, down from 64 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$366,750
+11.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Silver Lake South, IL
$366,750
+11.6%
United States
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How hot is the Silver Lake South housing market?
Silver Lake South is somewhat competitive. Homes sell in 50 days.
0
100
53
Somewhat 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 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 50 days.
Hot homes
can sell for around list price and go pending in around 39 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 South housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Silver Lake South.
Flood Factor - Minor
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Lake South has a minor risk of flooding. 266 properties in Silver Lake South are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Silver Lake South. Flood risk is increasing slower than the national average.
8% of properties are at risk of wildfire over the next 30 years
Fire Factor
Silver Lake South has a moderate risk of wildfire. There are 347 properties in Silver Lake South that have some risk of being affected by wildfire over the next 30 years. This represents 8% of all properties in Silver Lake South.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Silver Lake South has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Silver Lake South is most at risk from hurricanes. 3,981 properties in Silver Lake South have some risk of being in a severe wind event within the next 30 years.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Silver Lake South has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Silver Lake South have a Moderate Heat Factor®.
Silver Lake South is expected to see a 114% increase in the number of days over 102ºF over the next 30 years. Silver Lake South is expected to experience 7