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.

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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.

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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.

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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 500 15 RIVERVIEW ELEMENTARY SCHOOL GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 2,203 170,146 5,852,878
Total Households 818 64,044 2,349,819
Total Families 578 43,047 1,516,725
Percent Male 51% 50% 50%
Percent Female 49% 50% 50%
White Collar Jobs 52% 55% 58%
Blue Collar Jobs 48% 45% 42%

Top Occupations

Professions Population Employed
Professional Services 96
Transportation 57
Sales 37
Healthcare 35
Maintenance 32
Education 30
Manufacturing 27
Management 18
Construction 15
Food 15

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 640 43,714 1,601,729
Renter Occupied Housing Units 178 20,330 748,090
Vacant Housing Units 126 6,334 311,518
Occupancy Rate 87% 87% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 40 2,686 135,725
5 - 15 minutes 191 21,366 877,463
15 - 30 minutes 312 21,965 975,154
30 - 45 minutes 202 11,880 370,565
45-60 minutes 120 6,492 120,537
Over 60 minutes 148 6,037 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 74 7,780 224,571
High School Graduate 410 36,483 1,256,597
Some College 365 26,055 833,955
Associates Degree 181 11,363 410,260
Bachelors Degree 275 18,541 747,113
Graduate Degree 143 9,750 384,121

Education Attainment


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

Market Conditions for Silver Lake

Median Sale Price Graph

Median Sale Price

The median sale price for homes in December was $0. The median sales price for homes in December did not change $0 compared to last month. Compared to the same month last year, the median price of homes fell by ($190,000) representing a % year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale remained level in December to 0. Compared to the same month last year when there were 10 homes for sale, the inventory of homes for sale has fallen by 10 representing a % 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 0 homes sold in December was the same as in November. Compared to the same month last year, the number of homes sold decreased by 1, a % 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 December (0) did not change Compared to the same month last year, the days on market for homes sold decreased by 82, a % 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 0% in December remained level % compared to November and decreased % 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 December (0) remained level Compared to December 2018, the number of new listings decreased by 3, 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 December was $0. The median list price for homes in December remained unchanged $0 compared to last month. Compared to the same month last year, the median list price of homes decreased ($155,000) representing a % year-over-year decrease.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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

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