What is the median home price in Silver Lake, Rochester?

The median home price in Silver Lake is $243,000, up 2% year-over-year. Homes sell in a median of 23 days. The sale-to-list ratio is 99.95%.

How much does it cost to sell a home in Silver Lake?

On a $243,000 home in Silver Lake, a traditional agent charges around 3% — about $7,290. With Ridley Essentials ($999) or Ridley Pro ($3,499), you save $3,791 while getting MLS listing and expert support.

How long does it take to sell a home in Silver Lake?

The median home in Silver Lake spends 23 days on market. 14.29% of listings go pending within two weeks. 9 homes sold recently in this neighborhood.

Is Silver Lake a good neighborhood to sell in right now?

Silver Lake had 9 homes sell recently at a median of $243,000. Sellers are getting 99.95% of their asking price. 44.44% of homes sold above list price. Ridley's flat fee means you keep more regardless of market conditions.

National/Minnesota/Rochester

Silver Lake · Rochester, MN

Is Now a Good Time to Sell in Silver Lake, Rochester?

The median home in Silver Lake sells for $243,000 with prices up 2% year-over-year. Ridley's flat fee saves you $3,791.

Silver Lake Real Estate Market Conditions

59out of 100

Ridley Sell Score

How it's scored →

Moderate

59/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Silver Lake market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Minnesota average is 2.9.

Price MomentumNeutral

Prices up 2.3157894740000002% year-over-year — vs. -0.8% statewide.

Seller LeverageFavors sellers

Homes selling at 99.95% of asking — buyers are negotiating 0% below list. Minnesota average is 98.4%.

Bidding ActivityFavors sellers

44.44% of homes selling above list price — 92% above the Minnesota average of 23.1%.

Sale SpeedFavors sellers

23 median days on market — 34 days faster than the Minnesota average.

Market UrgencyFavors buyers

14.29% of listings go pending within 2 weeks — vs. 33.1% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Minnesota average is 27.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$243,000

+2%

Days on Market

Price per Sq Ft

$181

Sale-to-List Ratio

99.95%

Homes Sold

Sold Above List

44.44%

Pending in 2 Weeks

14.29%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Rochester — delivered monthly.

Your savings

How much can you save selling in Silver Lake?

$0Estimated savings

That could furnish your new living room — save 1.6% of your home value

Your Silver Lake home value

$243,000

$50,000$10M

Traditional Agent (3%)

$7,290

Ridley Pro (flat fee)

$3,499

Ready to sell in Silver Lake?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Silver Lake

	Traditional Agent	Best valueRidley Pro	Ridley Essentials
Listing fee	$7,290	$3,499	$999
Buyer agent	$6,8042.8% avg	$4,860~2% avg	$4,860~2% avg
Closing costs (~1.5%)	$3,645	$3,645	$3,645
Total cost	$17,739	$12,004	$9,504
You save	—	$3,791	$6,291

Based on the Silver Lake median home price of $243,000. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Silver Lake

A flat fee of $3,499 instead of the typical $7,290 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Silver Lake market data so you list at the right price.

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Silver Lake buyers look — plus a custom Ridley listing page with AI chat.

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

Close and keep $3,791 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

Get Your Selling Strategy

FAQ

Common questions about selling in Silver Lake

Ready to sell in Silver Lake?

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Explore nearby

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View all Rochester market data →