Is Silver Creek, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, CA
How much do homes in Silver Creek, CA cost?
Median Sold Price
$1,517,500
$830/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Silver Creek have sold for 52.4% less than they did a month ago.
Summary: The median home sold price in Silver Creek was $1,517,500 in April 2024, down 52.4% from last month, and the median price per square foot was $830.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $1.1M | N/A |
| 3 Bedrooms | $2.9M | $1.6M | -43.8% |
| 4 Bedrooms | $3.2M | $1.7M | -46.2% |
| 5+ Bedrooms | $2.4M | - | N/A |
Summary: Silver Creek housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 43.8%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes did not change.
Housing Supply in Silver Creek, CA
How many homes are available in Silver Creek, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The Silver Creek real estate market had 16 homes for sale in April 2024, a 20.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Creek, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Silver Creek in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Silver Creek, CA
How long does it take to sell a home in Silver Creek, CA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | 0.0% |
Summary: Homes in Silver Creek had an average of 18 days on market in Apr 2024, the same as last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Creek are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Silver Creek; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.