Is Silver Lake, MN 55381 a buyer’s or seller’s market?
Silver Lake is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Months of supply5.1Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list95.1%Sold price ÷ list price
Median days on market24Listing to accepted offer
Median price per sq ft$128▼ −20.3% vs. last year
Run the numbers for 55381
Nearby markets
Brownton 55312Buyer’s market $137 /sq ftGlencoe 55336Seller’s market $166 /sq ftHutchinson 55350Seller’s market $159 /sq ftLester Prairie 55354Seller’s market $143 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology