Photo: Myotus · CC BY 4.042 homes sold in Silver Bay in the last year, at a typical $155K
Almost every sale is a house. Below: what each kind of home sells for, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Silver Bay homes are listed.
Every place Silver Bay homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Silver Bay.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 0% of Silver Bay’s sales, at a typical — (year to May 2026)
42 homes sold in the year to September 2026.
More homes sell than most years, at twice the 2016 price
42 sales in the last year, against 47 in 2021 and a low of 24 in 2014. The typical sale went from $75K in 2016 to $155K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
Bidding wars in Silver Bay are rarer than before the pandemic, and more homes are for sale
We read every month of Silver Bay’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 42 sales.
If you’re buying in Silver Bay
- Shop in June. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (15% over asking).
- Offer under asking. Buyers paid 94.6% of the list price on average; 3% paid over.
- You’ll usually have time. Only 10% of homes go under contract within two weeks; the typical one takes 103 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 5 a month), and the most competition: 17% close over asking. January has the least competition (6%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| Silver Bay now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 3% | 12% | 26% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 10% | 1% | 8% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 94.6% | 96.2% | 97.6% | 99% |
| Days to sellMedian days from listing to contract | 103 | 104 | 63 | 38 |
17 homes for sale on a typical day
That’s twice the 2022 low (8), 30% more than in 2017–19 and well under 2014’s 22.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Silver Bay home costs about $909 a month
Price: Silver Bay’s typical sale, last 12 months. Property tax at Silver Bay’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Silver Bay is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. February has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $155K home, about $1,200 a year.
Taxes vs. neighborsSchools
The schools grade for Silver Bay, from test results, graduation and how much students grow.
Schools in Silver BayTypical commute
The average one-way trip to work for people who live in Silver Bay.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Silver Bay, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Silver Bay. People who follow the town see it, and so do people comparing Silver Bay with their own town. No commission, no listing fee.
Questions about buying a home in Silver Bay
What do homes sell for in Silver Bay, MN?
42 homes sold in the year to September 2026 at a typical $155K, $135 a square foot.
Is Silver Bay a buyer’s or seller’s market?
A seller’s market: 16 homes were for sale in September 2026 and 5 sold, about 3.2 months of supply. Buyers paid 94.6% of asking on average.
When is the best time to buy in Silver Bay?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Silver Bay?
About 0.8% of a home’s value a year. On a $155K home that’s near $1,200.
Where can I see homes for sale in Silver Bay?
Zillow, Redfin, Realtor.com and Homes.com all carry Silver Bay’s MLS listings; the search links above open each one filtered to Silver Bay.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).