Photo: Myotus · CC BY 4.018 homes sold in Silver Lake in the last year, at a typical $257K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Silver Lake homes are listed.
Every place Silver Lake 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 Lake.
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 100% of Silver Lake’s sales, at a typical $257K
18 homes sold in the year to May 2026.
typical sale · 18 sold in 12 months
- Per square foot
- $167MN $191
- Days to sell
- 29
- Sold over asking
- 33%
- Listings with a price cut
- 36%
About as many homes sell as usual, at twice the 2016 price
18 sales in the last year, against 23 in 2019 and a low of 15 in 2024. The typical sale went from $128K in 2016 to $257K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Silver Lake
Check a listing against what Silver Lake homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Owning the typical Silver Lake home costs about $1,642 a month
Price: Silver Lake’s typical sale, last 12 months. Property tax at Silver Lake’s 1.4% (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 Lake is affordable on local pay is on Cost of living.
Four things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $257K home, about $3,620 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Silver Lake.
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 Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Silver Lake. People who follow the town see it, and so do people comparing Silver Lake with their own town. No commission, no listing fee.
Questions about buying a home in Silver Lake
What do homes sell for in Silver Lake, MN?
18 homes sold in the year to May 2026 at a typical $257K, $167 a square foot.
Is Silver Lake a buyer’s or seller’s market?
A seller’s market: 3 homes were for sale in May 2026 and 3 sold, about 1 months of supply. Buyers paid 98.8% of asking on average, and 36% of listings cut their price.
How much are property taxes in Silver Lake?
About 1.4% of a home’s value a year. On a $257K home that’s near $3,620.
Where can I see homes for sale in Silver Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Silver Lake’s MLS listings; the search links above open each one filtered to Silver Lake.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). 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).