98 homes sold in Silver Lake in the last year, at a typical $395K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, 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 95% of Silver Lake’s sales, at a typical $397K
98 homes sold in the year to May 2026.
typical sale · 93 sold in 12 months
- Per square foot
- $239NC $207
- Days to sell
- 40
- Sold over asking
- 17%
- Listings with a price cut
- 30%
Multi-family (2–4 units): 1 sold, typical $455K
Townhouses: 2 sold, typical $483K
Condos: 2 sold, typical $195K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
98 sales in the last year, against 142 in 2017 and a low of 87 in 2023. The typical sale went from $184K in 2016 to $395K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K 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.
Bidding wars in Silver Lake are rarer than before the pandemic, but 29% fewer homes come up for sale
We read every month of Silver Lake’s home sales since 2015 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 May 2026, 98 sales.
If you’re buying in Silver Lake
- Shop in March. It brings about 12 new listings a month, close to the busiest month, with fewer bidding wars (30% over asking).
- Bid near asking. Buyers paid 98.2% of the list price on average; 16% paid over.
- You’ll usually have time. Only 33% of homes go under contract within two weeks; the typical one takes 41 days.
Summer brings the homes; spring brings the bidding wars
July has the most new listings (about 13 a month), but April is the most competitive: 36% of April sales close over asking. March offers nearly as much choice with fewer homes bid up (30%). February has the least competition (13%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like North Carolina as a whole
| Silver Lake now | 2017–19 | 2021 peak | NC now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 16% | 27% | 55% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 33% | 1% | 2% | 30% |
| Listings with a price cutShare of homes for sale that cut their price | 29% | — | — | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 98.7% | 101.2% | 97.8% |
| Days to sellMedian days from listing to contract | 41 | 70 | 51 | 62 |
21 homes for sale on a typical day
That’s twice the 2023 low (10), 29% fewer than in 2017–19 and well under 2016’s 47.
1 in 3 listings has cut its price
29% in the last year, against — in 2017–19 and 27% across North Carolina.
Silver Lake ranks 103rd of 224 busy North Carolina markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Silver Lake is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Silver Lake home costs about $2,215 a month
Price: Silver Lake’s typical sale, last 12 months. Property tax at Silver Lake’s 0.5% (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.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 6.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $395K home, about $1,850 a year.
Taxes vs. neighborsSchools
The schools grade for Silver Lake, from test results, graduation and how much students grow.
Schools in Silver LakeTypical 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.
Leland and Belville sell for less a square foot; Carolina Beach for far more
The busier markets within 25 miles of Silver Lake, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Wilmington | 1,826 | $460K | $262 | 14% | 48 |
| Leland | 1,081 | $393K | $204 | 12% | 77 |
| Carolina Beach | 350 | $672K | $440 | 4% | 78 |
| Myrtle Grove | 211 | $519K | $247 | 18% | 50 |
| Silver Lake | 98 | $395K | $237 | 16% | 41 |
| Belville | 35 | $381K | $220 | 11% | 57 |
| Sea Breeze | 34 | $580K | $265 | 18% | 44 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
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, NC?
98 homes sold in the year to May 2026 at a typical $395K, $237 a square foot.
Is Silver Lake a buyer’s or seller’s market?
A balanced market: 23 homes were for sale in May 2026 and 4 sold, about 5.8 months of supply. Buyers paid 98.2% of asking on average, and 29% of listings cut their price.
When is the best time to buy in Silver Lake?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Silver Lake?
About 0.5% of a home’s value a year. On a $395K home that’s near $1,850.
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).