Is Silverton, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Silverton has remained a Seller's Market.
Housing Prices in Silverton, OR
How much do homes in Silverton, OR cost?
Median Sold Price
$604,950
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Silverton was $604,950 in April 2024, up 10.2% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $383K | N/A |
2 Bedrooms | $392.5K | $389K | -0.9% |
3 Bedrooms | $519.9K | $580.5K | +11.7% |
4 Bedrooms | $630.7K | $645K | +2.3% |
5+ Bedrooms | $725K | $645K | -11.0% |
Summary: Silverton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 11%.
Housing Supply in Silverton, OR
How many homes are available in Silverton, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 41 | +46.4% |
Summary: The Silverton real estate market had 41 homes for sale in April 2024, a 46.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 15 | 22 | +46.7% |
4 Bedrooms | 7 | 13 | +85.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Silverton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Silverton in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Silverton, OR
How long does it take to sell a home in Silverton, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 35 Days | +295.8% |
Summary: Homes in Silverton had an average of 35 days on market in Apr 2024, up by 295.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Silverton; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.