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Featured local agent — Silver Lake, MN
Sarah Mitchell
Compass Real Estate · Silver Lake, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Silver Lake, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$380,000median sale price
How is the Silver Lake, MN housing market right now?
The median home sale price in Silver Lake, MN is $380,000. Homes sell in an average of 14 days with 3 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Silver Lake a buyer's or seller's market?
Silver Lake, MN is currently a seller's market, based on 1.0 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
14
Fast-moving
Active listings
3
1.0 months supply
Sale-to-list
98.2%
Below asking
What does the Silver Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $380,000 |
| Median list price | $275,000 |
| Average days on market | 14 days |
| Active inventory | 3 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $235/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 3 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Silver Lake by property type?
How the Silver Lake, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $380,000 | $235/sq ft | 3 | 14 days |
Source: Redfin · Updated monthly
The Silver Lake housing market is currently classified as a seller's market with a median sale price of $380,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 14 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Silver Lake
There are currently 3 homes listed for sale in Silver Lake, Minnesota. The median listing price is $275K.
Active listings
3
Homes on market
Median list price
$275K
Avg. days on market
14
Days until sale
New this week
3
Newly listed
Who lives in Silver Lake?
Population
922
Median income
$75,000/yr
Median age
40 years
Owner-occupied
78.9%
College grads
12.3%
Avg commute
24.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Silver Lake?
Zillow home value
$314,904
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Silver Lake?
Silver Lake is a community of approximately 1K residents with a median age of 40 years.The median household income is $75,000, which represents a working-class community with solid middle-income opportunities. 12.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Silver Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Silver Lake?
1 schools tracked · 412 students
The largest public schools serving Silver Lake, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LAKESIDE ELEMENTARY
Grades 3-6 · 412 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Silver Lake, MN?
Want a head-to-head view? Compare Silver Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Silver Lake?
The median home sale price in Silver Lake is $380,000, down 0.0% from last year.
How long do homes stay on market in Silver Lake?
Homes typically spend 14 days on market before going under contract.
What is the median income in Silver Lake?
The median household income is $75,000 per year.
Is Silver Lake a buyer's or seller's market?
With 1.0 months of supply, Silver Lake is currently a seller's market.
What is the Zillow home value estimate for Silver Lake?
The Zillow Home Value Index (ZHVI) for Silver Lake is $314,904, representing the typical home value in the area.
How much does a single-family home cost in Silver Lake?
The median single-family home price in Silver Lake, MN is $380,000 (about $235 per square foot).
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