Silver Lake, NJ
Housing market overview · Updated weekly
$682,500median sale price
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
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
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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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