3 days on Rocket
$4,630 Closing Credit¹
#1386273, Listing Office: RE/MAX Properties
Silver Lake Housing Market Report May 2025•Providence County, Rhode Island
Housing Prices in Silver Lake, RI
How much do homes in Silver Lake, RI cost?
Housing Market Conditions
Is Silver Lake, RI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Silver Lake is a Seller's Market
Difference Since May 2024
Since last year, Silver Lake has remained a Seller's Market.
Insight
Silver Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$500,000$200/SqFt
+$42,000
+9.2%
Based on all homes sold in the last 12 months
Insight
Homes in Silver Lake have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Silver Lake was $500,000 in May 2025, up 9.2% from last year, and the median price per square foot was $200.
Median Sold Price By Neighborhoods
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| West End | $411.2K | $510K | +24.0% |
| Silver Lake | $458K | $500K | +9.2% |
| Hartford | $375K | $408K | +8.8% |
| West Broadway | $652.3K | $525K | -19.5% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $290K | $258K | -11.0% |
| 33 Bedrooms | $342.5K | $387.5K | +13.1% |
| 44 Bedrooms | $362K | $400K | +10.5% |
| 55+ Bedrooms | $510K | $590K | +15.7% |
Summary: Silver Lake housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -11.0%. The home price for 3 bedroom homes increased by +13.1%. The home price for 4 bedroom homes increased by +10.5%. The home price for 5 bedroom homes increased by +15.7%.
How does Silver Lake, RI compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Silver Lake, RI
Housing supply in Silver Lake, RI
How many homes are available in Silver Lake, RI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthMay 2025 | ||
| 122 months agoApr 2025 | +50.0 % Change MoMApr – May |
Summary: The Silver Lake real estate market had 18 homes for sale in May 2025, a 50.0 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthMay 2025 | ||
| 22 months agoApr 2025 | +100.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 3 | +200.0% |
| 33 Bedrooms | 1 | 2 | +100.0% |
| 44 Bedrooms | 1 | 3 | +200.0% |
| 55+ Bedrooms | 9 | 10 | +11.1% |
Summary: Silver Lake housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +200.0%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes increased by +200.0%. The inventory for 5 bedroom homes increased by +11.1%.
Asking Price vs. Sold Price
How much do homes in Silver Lake, RI cost?
Over Asking Price2 Homes
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Silver Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Silver Lake in May 2025, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.
Days on Market for Silver Lake, RI
How long does it take to sell a home in Silver Lake, RI?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Many homes in Silver Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 4 homes were sold in Silver Lake; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 32 DaysThis YearMay 2025 | ||
| 26 Days1 year agoMay 2024 | +26.0 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Silver Lake had an average listing age of 32 days in May 2025, up by 26.0% compared to the previous year.
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Newest Listings in Silver Lake, RI
What homes are available in Silver Lake, RI?
5 days on Rocket
$4,026 Closing Credit¹
#1386059, Listing Office: OwnerEntry.com
$6,530 Closing Credit¹
#1385426, Listing Office: eXp Realty
Backup offers
$5,332 Closing Credit¹
#1384372, Listing Office: HomeSmart Professionals
$3,206 Closing Credit¹
#1384370, Listing Office: Keller Williams Leading Edge
Backup offers
$4,749 Closing Credit¹
#1383972, Listing Office: Keller Williams Leading Edge
$7,826 Closing Credit¹
#1383422, Listing Office: Hope Real Estate
$5,463 Closing Credit¹
#1381602, Listing Office: Keller Williams Coastal
$8,311 Closing Credit¹
#1377851, Listing Office: Broadway Real Estate Group
Nearby markets
Nearby markets aren't available for Silver Lake, RI
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MLS Disclaimers and Copyright
Based on information from Rhode Island State Wide MLS, for the period 06/01/2023 - 06/01/2025
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2025, 8:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2025, 8:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.