Silver Lake, NJ Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Silver Lake, NJ is $682,500, up 108.7% year-over-year. Homes sell in an average of 94 days with 15 active listings. The market is currently a buyer's market.
$682,500median sale price
Is Silver Lake a buyer's or seller's market?
Silver Lake, NJ is currently a buyer's market, based on 7.5 months of supply and homes selling in about 94 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
94
Average pace
Active listings
15
7.5 months supply
Sale-to-list
98.4%
Below asking
Silver Lake, NJ market data
| Metric | Value |
|---|---|
| Median sale price | $682,500 |
| Median list price | $442,500 |
| Year-over-year price change | +108.7% |
| Average days on market | 94 days |
| Active inventory | 15 listings |
| Months of supply | 7.5 months |
| Sale-to-list price ratio | 98.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Silver Lake housing market is currently classified as a buyer's market with a median sale price of $682,500. Prices have risen 108.7% compared to last year, with homes spending an average of 94 days on market, indicating 7.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Silver Lake
There are currently 15 homes listed for sale in Silver Lake, New Jersey. The median listing price is $443K.
Active listings
15
Homes on market
Median list price
$443K
Avg. days on market
94
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in Silver Lake?
The median home sale price in Silver Lake is $682,500, up 108.7% from last year.
How long do homes stay on market in Silver Lake?
Homes typically spend 94 days on market before going under contract.
Is Silver Lake a buyer's or seller's market?
With 7.5 months of supply, Silver Lake is currently a buyer's market.
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