Is Silver Creek, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Silver Creek has remained a Seller's Market.
Key Takeaway
Silver Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Creek, GA
How much do homes in Silver Creek, GA cost?
Median Sold Price
$239,900
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Silver Creek has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $20K | N/A |
| 2 Bedrooms | $184K | $204K | +10.9% |
| 3 Bedrooms | $215.8K | $224K | +3.8% |
| 4 Bedrooms | $269K | $272.5K | +1.3% |
| 5+ Bedrooms | $433.7K | $265K | -38.9% |
Summary: Silver Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 38.9%.
Median Sold Price Compared To Nearby Cities
| Lindale | $169.9K | $207.9K | +22.4% |
| Silver Creek | $240K | $239.9K | 0% |
Housing Supply in Silver Creek, GA
How many homes are available in Silver Creek, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The Silver Creek real estate market had 20 homes for sale in May 2024, a 16.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Silver Creek housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Creek, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Silver Creek in May 2024, up by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Silver Creek, GA
How long does it take to sell a home in Silver Creek, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 37 Days | +258.7% |
Summary: Homes in Silver Creek had an average of 37 days on market in May 2024, up by 258.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silver Creek are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Silver Creek; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.