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Featured local agent — Silver Lake, NJ
Sarah Mitchell
Compass Real Estate · Silver Lake, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Silver Lake, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$407,450median sale price
How is the Silver Lake, NJ housing market right now?
The median home sale price in Silver Lake, NJ is $407,450, up 4.5% year-over-year. Homes sell in an average of 21 days with 6 active listings. The market is currently a balanced 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, NJ is currently a balanced market, based on 3.0 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
21
Average pace
Active listings
6
3.0 months supply
Sale-to-list
98.7%
Below asking
What does the Silver Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $407,450 |
| Median list price | $362,000 |
| Year-over-year price change | +4.5% |
| Average days on market | 21 days |
| Active inventory | 6 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $215/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Silver Lake by property type?
How the Silver Lake, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $407,450 | $215/sq ft | 2 | 21 days |
| Condo / Co-op | $345,000 | $359/sq ft | 1 | 51 days |
Source: Redfin · Updated monthly
The Silver Lake housing market is currently classified as a balanced market with a median sale price of $407,450. Prices have risen 4.5% compared to last year, with homes spending an average of 21 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Silver Lake
There are currently 6 homes listed for sale in Silver Lake, New Jersey. The median listing price is $362K.
Active listings
6
Homes on market
Median list price
$362K
Avg. days on market
21
Days until sale
New this week
2
Newly listed
Which cities are near Silver Lake, NJ?
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 $407,450, up 4.5% from last year.
How long do homes stay on market in Silver Lake?
Homes typically spend 21 days on market before going under contract.
Is Silver Lake a buyer's or seller's market?
With 3.0 months of supply, Silver Lake is currently a balanced market.
What is the median condo price in Silver Lake?
The median condo/co-op sale price in Silver Lake, NJ is $345,000, compared to $407,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Silver Lake?
The median single-family home price in Silver Lake, NJ is $407,450 (about $215 per square foot).
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