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SILVER LAKE, IN 46982

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The SILVER LAKE, IN real estate market (46982) currently shows 8 active listings, with 4 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 93 days on market compared to 20 days last year.

The median listing price has risen 31.6% year-over-year, from $138,600 to $182,450.

Whether you are buying or selling in SILVER LAKE, IN, 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: 2,730  ·  Density: 23.7/mi²  ·  Median household income: $70,813

Typical home value: $164,397  ·  Homeownership: 85.4%

Market Overview

Active Listings
8
⇧ 60% vs 5 last year
Pending
4
50% pending ratio
Median Price
$182,450
⇧ 31.6% vs $138,600 last year
Average Price
$187,499
⇧ 35.3% vs $138,600 last year
Days on Market
93
⇧ 365% vs 20 days last year

Price Per Square Foot

Median $/sqft
$146
⇧ 37.7% vs $106/sqft last year
Median Home Size
1,188 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 5 last year
  • Days on market: 93 now vs 20 last year

Median & Average Pricing

Year over Year
  • Median: $182,450 (+31.6% YoY)
  • Average: $187,499 (+35.3% 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 21.3 miles — 116 listings ($41,355,384 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46982Silver Lake, IN 469820.0 mi12$2,306,616$169,900$192,218
46974Roann, IN 469747.8 mi3$997,500$332,500$332,500
46508Burket, IN 465088.0 mi2$320,000$160,000$160,000
46946Liberty Mills, IN 469468.3 mi0$0$70,000$70,000
46580Warsaw, IN 4658010.5 mi59$22,460,710$306,450$380,690
46990Urbana, IN 4699013.7 mi3$2,512,050$837,350$837,350
46787South Whitley, IN 4678713.9 mi8$2,179,544$179,900$272,443
46926Denver, IN 4692614.7 mi2$272,500$136,250$136,250
46764Larwill, IN 4676417.7 mi2$764,896$382,448$382,448
46941Lagro, IN 4694118.7 mi1$294,950$294,950$294,950
46538Leesburg, IN 4653819.0 mi15$7,568,415$425,000$504,561
46504Bourbon, IN 4650420.4 mi3$664,401$217,500$221,467
46702Andrews, IN 4670221.3 mi6$1,013,802$179,900$168,967

Frequently Asked Questions

How many homes are for sale in SILVER LAKE, IN 46982?

As of February 2026, there are 8 active listings in SILVER LAKE, IN (zip code 46982), compared to 5 the prior year.

What is the median home price in SILVER LAKE, IN 46982?

The median listing price in SILVER LAKE, IN 46982 is $182,450 as of February 2026, a 31.6% increase from $138,600 the prior year.

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

Homes in SILVER LAKE, IN 46982 spend an average of 93 days on the market before going under contract, compared to 20 days the prior year.

Is it a seller's or buyer's market in SILVER LAKE, IN 46982?

Based on current inventory and days-on-market data as of February 2026, SILVER LAKE, IN 46982 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 93 days on market compared to 20 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SILVER LAKE, IN 46982 save an estimated $3,649 compared to a typical 5% commission on the median listing price of $182,450. 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.