Is Silver Lake, NY 14549 a buyer’s or seller’s market?
Silver Lake is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Silver Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Silver Lake, NY 14549 sold above their list price, the typical home went under contract in 8 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (21 days then) and the median sale price fell 33% to $94,959. Overall, Silver Lake is less competitive than a year ago, which gives buyers more room.
Within Wyoming County, homes here sell faster than in 79% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Cowlesville 14037 (100% sold over asking) and Java Center 14082 (100% sold over asking) are even more competitive.
Run the numbers for 14549
Nearby markets
Arcade 14009Seller’s market $152 /sq ftAttica 14011Balanced $174 /sq ftBliss 14024Balanced $193 /sq ftCastile 14427Seller’s market $128 /sq ft Browse all markets →Where Silver Lake is
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Questions about Silver Lake real estate
Is Silver Lake a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Silver Lake, NY 14549 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Silver Lake?
The typical home went under contract in 8 days in the latest three months.
Do homes in Silver Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.1% of the list price.
What are property taxes in Silver Lake?
About 2.25% of a home’s value a year in Wyoming County, or roughly $9,000 on a $400,000 home.
What is the median home price in Silver Lake?
The median sale price was $94,959 in the three months ending August 31, 2026, about $73 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology