Is Silver Creek, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Silver Creek has remained a Seller's Market.
Housing Prices in Silver Creek, NY
How much do homes in Silver Creek, NY cost?
Median Sold Price
$159,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Silver Creek was $159,000 in April 2024, up 2.6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $150.7K | $60K | -60.2% |
3 Bedrooms | $156K | $172.8K | +10.8% |
4 Bedrooms | $145K | $152.5K | +5.2% |
5+ Bedrooms | $205K | $185K | -9.8% |
Summary: Silver Creek 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 60.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
Silver Creek | $155K | $159K | +2.6% |
Hanover | $159.9K | $157K | -1.8% |
Housing Supply in Silver Creek, NY
How many homes are available in Silver Creek, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 13 | -31.6% |
Summary: The Silver Creek real estate market had 13 homes for sale in April 2024, a 31.6% 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 | 2 | 0 | -100.0% |
3 Bedrooms | 13 | 8 | -38.5% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Silver Creek 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 100%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Silver Creek in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Silver Creek, NY
How long does it take to sell a home in Silver Creek, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 40 Days | -57.4% |
Summary: Homes in Silver Creek had an average of 40 days on market in Apr 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Silver Creek; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.