Silver Lake, MN Foreclosures
Current Market Conditions in in Silver Lake, MN As of February 2026?
Over the past month, the real estate market in Silver Lake has shown a slight increase in activity, with several homes receiving multiple offers shortly after listing. This trend indicates a growing demand, influenced by seasonal factors as families look to settle before the school year. However, inventory levels have not kept pace, leading to continued challenges for buyers in finding their ideal home.
How much do homes sell for in Silver Lake, MN?
The average home price is currently $306,059.
In Silver Lake, MN, how many homes are available?
There are currently 1 active home listings available in Silver Lake.
What’s the average rental cost in Silver Lake, MN?
The average rental price in Silver Lake is $1,494.
What is the most expensive home in Silver Lake?
The most expensive home sold in Silver Lake had a price of $2,027,423.
What is currently the cheapest priced home in Silver Lake, MN?
The cheapest home for sale in Silver Lake is priced at $23,276.
Living in Silver Lake, MN
Silver Lake is a charming small town located in McLeod County, Minnesota, known for its friendly atmosphere and community spirit. The town offers a peaceful rural lifestyle while still being close to larger cities for convenience. Residents enjoy access to various outdoor activities, including fishing, hiking, and community events throughout the year.
Buyer vs Seller Market in Silver Lake, MN
The real estate market in Silver Lake is currently stable, with a moderate level of activity and demand. Homes here are often marketed towards both first-time buyers and those looking to retire in a peaceful setting. The current low inventory of homes for sale suggests a competitive market, especially for well-maintained properties close to desirable amenities.
Recent trends indicate a growing interest in the area, driven by its affordability compared to larger urban centers and the appeal of rural living. This interest is reflected in increasing home prices, which, while still lower than state averages, continue to trend upwards as more buyers recognize the charm and opportunities of Silver Lake.
Home Value Estimator For Silver Lake, MN
There are currently 685 real estate properties
in Silver Lake, MN,
with a median automated valuation model (AVM) price
of $266,343.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Silver Lake, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Silver Lake, MN,
is $306,059.00, with the most expensive house
in Silver Lake, MN, topping out
at $2,027,423.00 and the cheapest home
in Silver Lake, MN,
clocking in at $23,276.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Silver Lake, MN!
Rent Prices
In Silver Lake, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Silver Lake, MN, is on
a rollercoaster ride. The
average rent price in Silver Lake, MN,
is $1,494.00. Indeed, when looking to rent in
Silver Lake, MN, you can expect to pay as little
as $740.00 or as much
as $2,480.00,
with the average rent median estimated to
be $1,430.00. The good news is that finding
an affordable and desirable property to rent in Silver Lake, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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