Brokers — List your Company Here
Featured local agent — Silver Creek, MN
Sarah Mitchell
Compass Real Estate · Silver Creek, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Silver Creek, MN Housing Market
The last median sale price Redfin published was $250,000, +41.2% year over year (through May 2026). With homes going under contract in about 72 days, Silver Creek is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $250,000 home is about $1,335/mo in principal and interest.
Key numbers for Silver Creek, MN
Median sale price
$250,000
+41.2% year over year
Redfin, through December 2025
Days on market
72
Slow-moving
Redfin, through December 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$66,500
Home costs 3.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
93.3%
Selling below asking
Redfin, through December 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Silver Creek a buyer's or seller's market?
Silver Creek, MN is a buyer's market and homes selling in about 72 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Silver Creek housing market data show?
Every row below is Redfin's final published month for Silver Creek, MN. Redfin, through December 2025
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Year-over-year price change | +41.2% |
| Median price per sq ft | $119/sq ft |
| Median days on market | 72 days |
| Sale-to-list price ratio | 93.3% |
| Homes sold (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Silver Creek is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Silver Creek is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Silver Creek home prices moved?
Across the 13 months we hold for Silver Creek, MN, the median sale price rose 11.1%, from $225,000 in May 2021 to $250,000.
Redfin, through December 2025 — the chart ends at Redfin's final published month.
Get Silver Creek market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Silver Creek?
Priced off the median sale price of $250,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $50,000 | $200,000 | $1,335/mo |
| 5% | $12,500 | $237,500 | $1,585/mo |
Redfin, through December 2025 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,335, that implies roughly $57,199 a year before you add taxes and insurance. The median household in Silver Creek earns $66,500, about $9,301 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Silver Creek in the next 12 months?
Tell us your timeline. We send the Silver Creek market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Silver Creek?
Zillow does not publish a rent index (ZORI) for Silver Creek, MN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Silver Creek?
Active listings in Silver Creek, MN went from 1 in May 2023 to 1 in October 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| May 2023 | 1 | 1 |
| August 2024 | 1 | 1 |
| October 2025 | 1 | not published |
Redfin, through October 2025
How does Silver Creek compare to Minnesota and the U.S.?
Silver Creek homes sell for $250,000 — 33% below the Minnesota median of $372,300. Against the national median of $410,700, Silver Creek runs 39% lower. Year-over-year, Silver Creek moved +41.2% against Minnesota's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Silver Creek, MN | $250,000 | +41.2% | 72 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through December 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Silver Creek
What buyers should watch
- The gap between 5% and 20% down here is $250 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $250,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Silver Creek listing goes under contract in 72 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 93.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Silver Creek varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Silver Creek
Explore homes currently listed for sale in Silver Creek, Minnesota across major real estate platforms.
How much do homes cost in Silver Creek by property type?
How the Silver Creek, MN market breaks down across single-family homes, condos and townhouses. Redfin, through December 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $250,000 | $119/sq ft | 1 | 72 days |
Who lives in Silver Creek?
American Community Survey estimates for Silver Creek. U.S. Census ACS, 2023
Population
156
Households
74
Median income
$66,500/yr
Median age
64.8 years
Owner-occupied
100.0%
Median home value
$400,000
Mean commute
20.6 min
100.0% of occupied homes in Silver Creek are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Silver Creek, MN?
Ordered by distance from Silver Creek, not by size. Compare Silver Creek side by side with any of them.
Silver Creek housing market FAQ
Is Silver Creek a buyer's or seller's market?
Silver Creek, MN is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Silver Creek?
The median sale price in the last month Redfin published was $250,000, about $119 per square foot.
Is Silver Creek cheaper than the rest of Minnesota?
Silver Creek's median sale price of $250,000 is 33% lower than the Minnesota statewide median of $372,300, and 39% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Silver Creek?
Homes in Silver Creek, MN spent a median of 72 days on market before going under contract, versus 25 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Silver Creek?
At the current 30-year fixed rate of 7.03%, 20% down on a $250,000 home is about $1,335 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $57,199 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $66,500.
Are home prices rising in Silver Creek?
Redfin's last published year-over-year change for Silver Creek, MN was +41.2%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Silver Creek?
Silver Creek ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Silver Creek?
That depends on your timeline, not on a headline. What the data says today: Silver Creek, MN is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Silver Creek, MN
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Silver Creek
Nearby markets
Get the Silver Creek market brief
Get the Silver Creek, MN market brief
One email: what homes are actually clearing at around $250,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.