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Market Intelligence · MN / McLeod County

Silver Lake, MN home prices and housing market

1 ZIP market liveData updated September 2026Typical value$306K1-yr changeFlat0.0%

The typical home value in Silver Lake, MN is $306K as of September 2026, about flat from a year ago, based on the Zillow Home Value Index. In the typical Silver Lake ZIP code, the median list price is $300K and homes spend a median of 84 days on market as of September 2026 (Realtor.com).

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The coverage

Silver Lake, by the numbers.

Typical home valueZillow ZHVI, September 2026
$306K
1-yr changeMedian across Silver Lake ZIPs
+0.0%
ZIP markets live
1
County
McLeod County

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12-month value trend

-0.0% over 12 months

Typical home value in Silver Lake over the last 12 months: $306K in Sep 2025 to $306K in Sep 2026 (-0.0%).

Sep 2025$306K

Sep 2026$306K

Median Zillow home value index across Silver Lake's ZIP codes.

Context

In Silver Lake, the typical home value stands at $306,123 as of September 2026, with no change over the past year. The market has 7 homes for sale, and new listings are scarce at just 2. Homes are spending a median of 84 days on the market, while the median list price is $300,000. Nearly half of all listings, 44.0%, have seen price cuts. For sellers, this data suggests a market where inventory is tight but buyer demand may be selective, and you should weigh these conditions carefully before listing.

The numbers

What is the housing market like in Silver Lake, MN?

Typical home value

$306K

Flat0.0%YoY

Median list price

$300K

Days on market

84

Homes for sale

7

Price cuts

44.0%

New listings

2

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Silver Lake's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Silver Lake, MN home prices over time

Typical home values in Silver Lake, MN are about flat over the past year, from $306K in September 2025 to $306K in September 2026.

Typical home value in Silver Lake, MN, September of each year
MonthTypical value1-yr change
September 2026$306,1230.0%
September 2025$306,237No prior year

Typical value is the median Zillow Home Value Index across Silver Lake ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Silver Lake, MN a buyer's or seller's market?

Silver Lake, MN leans toward a buyer's market.

Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 84 days on market and 44% of listings with a price cut in the typical Silver Lake ZIP code, and 2 new listings against 7 active listings across Silver Lake, as of September 2026 (Realtor.com).

The outlook

Silver Lake housing market forecast 2027

+4.0%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Silver Lake ZIP code, points to typical home values rising 4.0% by September 2027.

Over the 12 months through September 2026, typical home values in Silver Lake held essentially flat, per the Zillow Home Value Index.

Will home prices drop in Silver Lake?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Silver Lake shows typical home values rising 4.0% by September 2027, after a flat past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Silver Lake ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Silver Lake?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Silver Lake, MN home prices.

What is a typical home worth in Silver Lake?

The typical home value in Silver Lake is $306,123 as of September 2026, unchanged from the prior year.

How many homes are available right now?

There are 7 homes for sale in Silver Lake, with 2 new listings as of September 2026.

How long do homes take to sell?

Homes in Silver Lake spend a median of 84 days on the market, and 44.0% of listings have received price cuts.

Are home prices going up or down in Silver Lake, MN?

Typical home values in Silver Lake, MN are about flat over the past year, based on the Zillow Home Value Index as of September 2026.

Is Silver Lake, MN a buyer's or seller's market?

Silver Lake, MN leans toward a buyer's market. Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 84 days on market and 44% of listings with a price cut in the typical Silver Lake ZIP code, and 2 new listings against 7 active listings across Silver Lake, as of September 2026 (Realtor.com).

Nearby markets

More Minnesota housing markets.

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