Is Silver Creek Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Silver Creek Township was a Seller's Market.
Housing Prices in Silver Creek Township, MI
How much do homes in Silver Creek Township, MI cost?
Median Sold Price
$326,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Silver Creek Township was $326,000 in April 2024, down 0.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $329K | $198K | -39.8% |
3 Bedrooms | $319.5K | $307K | -3.9% |
4 Bedrooms | $416.1K | $624.9K | +50.2% |
5+ Bedrooms | $302.9K | $1.0M | +259.0% |
Summary: Silver Creek Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 50.2%, and 5+ bedroom homes increased by 259%.
Median Sold Price Compared To Nearby Cities
Dowagiac | $141.5K | $180K | +27.2% |
Wayne Township | $155.5K | $162.2K | +4.3% |
Silver Creek Township | $329K | $326K | -0.9% |
Housing Supply in Silver Creek Township, MI
How many homes are available in Silver Creek Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Summary: The Silver Creek Township real estate market had 17 homes for sale in April 2024, a 19.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 13 | 10 | -23.1% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Silver Creek Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 1 | -88.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Silver Creek Township in April 2024, down by 88.9% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Silver Creek Township, MI
How long does it take to sell a home in Silver Creek Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
1 Day | 38 Days | +3700.0% |
Summary: Homes in Silver Creek Township had an average of 38 days on market in Apr 2024, up by 3700% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Silver Creek Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.