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SILVER LAKE, MN 55381

Real Estate Market Report  ·  McLeod County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The SILVER LAKE, MN real estate market (55381) currently shows 4 active listings, with 3 pending sales. Homes are averaging 8 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 8 days on market compared to 117 days last year.

The median listing price has risen 73.5% year-over-year, from $385,000 to $668,000.

Whether you are buying or selling in SILVER LAKE, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,837  ·  Density: 16.0/mi²  ·  Median household income: $81,103

Typical home value: $227,516  ·  Homeownership: 86.7%

Market Overview

Active Listings
4
⇩ 33.3% vs 6 last year
Pending
3
75% pending ratio
Median Price
$668,000
⇧ 73.5% vs $385,000 last year
Average Price
$668,000
⇩ 4.8% vs $701,333 last year
Days on Market
8
⇩ 93.2% vs 117 days last year

Price Per Square Foot

Median $/sqft
$248
⇧ 6% vs $234/sqft last year
Median Home Size
2,259 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 6 last year
  • Days on market: 8 now vs 117 last year

Median & Average Pricing

Year over Year
  • Median: $668,000 (+73.5% YoY)
  • Average: $668,000 (-4.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.2 miles — 176 listings ($88,301,314 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55381Silver Lake, MN 553810.0 mi4$1,585,000$396,250$396,250
55395Winsted, MN 553956.5 mi8$3,178,144$307,450$397,268
55367New Germany, MN 5536710.6 mi3$2,124,924$784,975$708,308
55321Cokato, MN 5532110.8 mi9$2,912,967$364,113$323,663
55370Plato, MN 5537012.5 mi2$450,000$225,000$225,000
55360Mayer, MN 5536013.0 mi15$6,697,230$433,400$446,482
55397Young America, MN 5539714.5 mi10$3,484,200$359,900$348,420
55363Montrose, MN 5536315.5 mi28$10,499,720$394,924$374,990
55312Brownton, MN 5531217.0 mi4$1,359,800$339,950$339,950
55368Norwood Young America, MN 5536819.0 mi5$5,957,020$1,012,450$1,191,404
55385Stewart, MN 5538520.0 mi1$176,200$176,200$176,200
55387Waconia, MN 5538720.5 mi55$29,400,525$533,700$534,555
55302Annandale, MN 5530222.2 mi32$20,475,584$394,900$639,862

Frequently Asked Questions

How many homes are for sale in SILVER LAKE, MN 55381?

As of March 2026, there are 4 active listings in SILVER LAKE, MN (zip code 55381), compared to 6 the prior year.

What is the median home price in SILVER LAKE, MN 55381?

The median listing price in SILVER LAKE, MN 55381 is $668,000 as of March 2026, a 73.5% increase from $385,000 the prior year.

How long do homes stay on the market in SILVER LAKE, MN?

Homes in SILVER LAKE, MN 55381 spend an average of 8 days on the market before going under contract, compared to 117 days the prior year.

Is it a seller's or buyer's market in SILVER LAKE, MN 55381?

Based on current inventory and days-on-market data as of March 2026, SILVER LAKE, MN 55381 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 8 days on market compared to 117 days last year.

How much can I save on real estate commission in SILVER LAKE, MN?

With SELL123.com's maximum 3% commission, sellers in SILVER LAKE, MN 55381 save an estimated $13,360 compared to a typical 5% commission on the median listing price of $668,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.