The Silver Lake housing market is very competitive. The median sale price of a home in Silver Lake was $465K last month, up 5.7% since last year. The median sale price per square foot in Silver Lake is $163, down 18.5% since last year.
What is the housing market like in Silver Lake today?
In March 2024, Silver Lake home prices were up 5.7% compared to last year, selling for a median price of $465K. On average, homes in Silver Lake sell after 33 days on the market compared to 30 days last year. There were 15 homes sold in March this year, down from 27 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$465,000
+5.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Silver Lake, RI
$465,000
+5.7%
United States
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How hot is the Silver Lake housing market?
Silver Lake is very competitive. Homes sell in 25.5 days.
0
100
71
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 about 5% above list price and go pending in around 26 days.
Hot homes
can sell for about 9% above list price and go pending in around 9 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 - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Lake has a moderate risk of flooding. 325 properties in Silver Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Silver Lake. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Silver Lake has a Major 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 hurricanes. 2,622 properties in Silver Lake have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 96 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 102 mph.