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SILVER LAKE, OR 97638

Real Estate Market Report  ·  Lake County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SILVER LAKE, OR real estate market (97638) currently shows 2 active listings. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 44 days on market compared to 8 days last year.

The median listing price has fallen 62.5% year-over-year, from $749,900 to $281,250.

Whether you are buying or selling in SILVER LAKE, OR, 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: 427  ·  Density: 0.4/mi²  ·  Median household income: $60,917

Typical home value: $0  ·  Homeownership: 60.5%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$281,250
⇩ 62.5% vs $749,900 last year
Average Price
$281,250
⇩ 62.5% vs $749,900 last year
Days on Market
44
⇧ 450% vs 8 days last year

Price Per Square Foot

Median $/sqft
$253
⇧ 1.2% vs $250/sqft last year
Median Home Size
1,061 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 44 now vs 8 last year

Median & Average Pricing

Year over Year
  • Median: $281,250 (-62.5% YoY)
  • Average: $281,250 (-62.5% 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 78.9 miles — 537 listings ($647,817,503 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97638Silver Lake, OR 976380.0 mi1$275,000$275,000$275,000
97641Christmas Valley, OR 9764125.7 mi15$9,075,855$328,750$605,057
97737Gilchrist, OR 9773743.4 mi4$1,818,900$462,500$454,725
97624Chiloquin, OR 9762445.4 mi40$21,703,560$413,500$542,589
97731Chemult, OR 9773145.9 mi2$920,000$460,000$460,000
97622Bly, OR 9762251.8 mi5$1,226,325$207,200$245,265
97639Sprague River, OR 9763955.1 mi5$2,289,585$387,250$457,917
97626Fort Klamath, OR 9762658.9 mi2$8,335,000$4,167,500$4,167,500
97630Lakeview, OR 9763066.6 mi28$8,310,736$239,500$296,812
97703Bend, OR 9770368.8 mi231$393,188,565$1,467,250$1,702,115
97754Prineville, OR 9775472.5 mi158$115,808,786$524,950$732,967
97753Powell Butte, OR 9775374.7 mi43$83,533,692$1,298,375$1,942,644
97632Malin, OR 9763278.9 mi3$1,331,499$379,000$443,833

Frequently Asked Questions

How many homes are for sale in SILVER LAKE, OR 97638?

As of March 2026, there are 2 active listings in SILVER LAKE, OR (zip code 97638), compared to 1 the prior year.

What is the median home price in SILVER LAKE, OR 97638?

The median listing price in SILVER LAKE, OR 97638 is $281,250 as of March 2026, a 62.5% decrease from $749,900 the prior year.

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

Homes in SILVER LAKE, OR 97638 spend an average of 44 days on the market before going under contract, compared to 8 days the prior year.

Is it a seller's or buyer's market in SILVER LAKE, OR 97638?

Based on current inventory and days-on-market data as of March 2026, SILVER LAKE, OR 97638 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 44 days on market compared to 8 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SILVER LAKE, OR 97638 save an estimated $5,625 compared to a typical 5% commission on the median listing price of $281,250. 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.