Silver Lake, WI Real Estate

Silver Lake, Wisconsin has been known as a vacation destination, but has been developed into an excellent village to reside. Populated by 2,497 people, the historic village offers a friendly and quaint community with lakefront properties. Serviced by US-150, Silver Lake is the perfect location for anyone commuting to other communities or Illinois. With local shops and a gorgeous lake that provides recreational opportunities, Silver Lake has been molded into a vacation spot close to home.

The Silver Lake housing market offers an array of homes for sale. Houses on the market include three-bedroom Ranches, beautiful two-story custom built homes, private Bungalows and spectacular Lake Front homes with large lots and excellent amenities. The average price of a home in Silver Lake is $165,870 with the cost of living 9.46 percent lower than the U.S. average.

Find homes and lots for sale in Silver Lake.

Show more

Silver Lake offers gorgeous views with many opportunities for recreational activities. Residents and visitors boat, swim, water-ski and fish off the shores of the lake. Local shops are scattered around the area for residents to enjoy.

Show more

Legend says that the village received the name Silver Lake by the Native Americans who viewed the lake as a glistening pool of water. In 1886, a railroad was built that traveled from the Rockford area to Kenosha County that brought visitors into the village. Hence, news about the village’s beautiful landscape and lake spread, and it became a tourist destination. Silver Lake was established as a village in 1926.

Show more

Silver Lake properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Riverview Elementary School (Silver Lake) Silver Lake J1 School District public 552 Not Provided Riverview Elementary School GreatSchools Rating
Show More
Demographics

Population Demographics

  City County State
Total Population 2,323 160,145 5,742,119
Total Households 869 59,444 2,299,100
Total Families 632 39,427 1,469,281
Population Density 2,183 15,429 446,124
Percent Male 50% 49% 50%
Percent Female 50% 51% 50%
White Collar Jobs 63% 60% 56%
Blue Collar Jobs 37% 40% 44%

Top Occupations

Professions Population Employed
Manufacturing 245
Retail 226
Transportation 219
Healthcare 212
Management 173
Sales 173
Information, Scientific and Technical 123
Education 122
Arts and Media 82
Natural Resources 80

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 1,094 65,948 2,641,602
Owner Occupied Housing Units 646 39,160 1,547,197
Renter Occupied Housing Units 223 20,292 751,903
Vacant Housing Units 225 6,496 342,513
Occupancy Rate 79% 90% 87%
Vehicles Per Housing Unit 2 23 1,563

Commute Time To Work

  City County State
Less than 5 minutes 46 3,192 124,926
5 - 14 minutes 115 9,466 372,013
15 - 29 minutes 361 10,312 448,137
30 - 44 minutes 284 7,216 290,580
45-59 minutes 147 7,303 152,657
Over 60 minutes 170 4,652 85,663

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 71 10,275 347,427
High School Graduate 541 33,906 1,239,522
Some College 322 23,923 817,979
Associates Degree 180 10,575 390,482
Bachelors Degree 291 17,302 713,854
Graduate Degree 135 6,661 261,570

Education Attainment


Market Conditions
Market Conditions for Silver Lake - September 2019 | Shorewest Realtors®
September 2019

Market Conditions for Silver Lake

Median Sale Price Graph

Median Sale Price

The median sale price for homes in September was $185,500. The median sales price for homes in September fell by ($57,750) compared to last month. This represents a 23.74% decrease from August. Compared to the same month last year, the median price of homes fell by ($7,950) representing a -4.1% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 3 in September to 5. This represents 37.5% decrease from August when 8 homes were on the market. Compared to the same month last year when there were 17 homes for sale, the inventory of homes for sale has fallen by 12 representing a -70.58% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 3 homes sold in September was 1 less than in August. This represents a 25% decrease in sales from August. Compared to the same month last year, the number of homes sold decreased by 1, a -25% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in September (70) increased by 18 days compared to August. This represents a 34.61% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 34, a 94.44% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 90.4% in September fell by 5.11% compared to August and decreased 5.67% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in September (0) fell by 2 compared to August, a % change. Compared to September 2018, the number of new listings decreased by 4, a % year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in September was $0. The median list price for homes in September fell by ($287,400) compared to last month. This represents a % decrease from August. Compared to the same month last year, the median list price of homes decreased ($274,900) representing a % year-over-year decrease.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

  • Heritage Title Services, Inc.
  • The Realty Alliance
  • Wisconsin Mortgage Corporation
  • Leading Real Estate Companies of the World
  • Luxury Portfolio International
  • Shorewest Financial Associates LLC
  • My Dwelling Metro Milwaukee
  • HSA Home Warranty - Because Service Matters