Is Silverado, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Silverado has remained a Buyer's Market.
Housing Prices in Silverado, CA
How much do homes in Silverado, CA cost?
Median Sold Price
$975,000
$609/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Silverado was $975,000 in May 2024, up 24.6% from last year, and the median price per square foot was $609.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $474.7K | - | N/A |
2 Bedrooms | $515K | $695K | +35.0% |
3 Bedrooms | $775K | $947.5K | +22.3% |
4 Bedrooms | $1.0M | $1.1M | +13.6% |
5+ Bedrooms | $1.7M | $2.1M | +22.8% |
Summary: Silverado housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 22.8%.
Median Sold Price Compared To Nearby Cities
Silverado | $782.5K | $975K | +24.6% |
Rancho Santa Margarita | $854K | $1.0M | +17.8% |
Irvine-Lake Forest | $1.2M | $1.3M | +16.1% |
Anaheim-Santa Ana-Garden Grove | $849.9K | $929K | +9.3% |
Elsinore Valley | $592.5K | $626.3K | +5.7% |
Housing Supply in Silverado, CA
How many homes are available in Silverado, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Summary: The Silverado real estate market had 21 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Silverado housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Silverado in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Silverado, CA
How long does it take to sell a home in Silverado, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 9 Days | -26.9% |
Summary: Homes in Silverado had an average of 9 days on market in May 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Silverado; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.