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Is Silverlake, WA 98645 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Silverlake is a buyer’s market. With about 7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.2%Sold price ÷ list price
Median days on market181Listing to accepted offer
Median price per sq ft$220▼ −30.7% vs. last year

The Silverlake housing market right now

In the three months ending August 31, 2026, 0% of homes in Silverlake, WA 98645 sold above their list price, the typical home went under contract in 181 days and there were 7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (29 days then) and the median sale price fell 4% to $549,762. Overall, Silverlake is less competitive than a year ago, which gives buyers more room.

Within Cowlitz County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Toutle 98649 (50% sold over asking) and Longview 98632 (26% sold over asking) are even more competitive.

Run the numbers for 98645

Prefilled for 98645Can I win this house?Multiple-offer likelihood for a listing Prefilled for 98645Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ariel 98603Balanced $291 /sq ftCarrolls 98609 — /sq ftCastle Rock 98611Balanced $273 /sq ftKalama 98625Balanced $278 /sq ft Browse all markets →

Towns like Silverlake nearby

Find towns like Silverlake in other states →
Deer Island, OR97054 · 27 miles away87% similarcheaper homes ($51K less) Columbia City, OR97018 · 29 miles away80% similarcheaper homes ($50K less) · younger residents Kalama, WA98625 · 21 miles away75% similarlarger · more renters Amboy, WA98601 · 31 miles away72% similaryounger residents · 8 min longer commute

Where Silverlake is

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Questions about Silverlake real estate

Is Silverlake a buyer’s or seller’s market?

A buyer’s market: there were 7 months of supply in Silverlake, WA 98645 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 Silverlake?

The typical home went under contract in 181 days in the latest three months.

Do homes in Silverlake sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.

What are property taxes in Silverlake?

About 0.82% of a home’s value a year in Cowlitz County, or roughly $3,280 on a $400,000 home.

What is the median home price in Silverlake?

The median sale price was $549,762 in the three months ending August 31, 2026, about $220 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