$5,878 Closing Credit*
$495,000
3,364 SqFt
4 Beds
•3 Full Baths
Doug Brown, Listing Office: Atlanta Communities
Is Silver City, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Silver City was a Seller's Market.
Key Takeaway
Silver City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Silver City, GA
How much do homes in Silver City, GA cost?
Median Sold Price
$540,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$34,925(+6.9%)
Key Takeaway
Homes in Silver City have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Silver City was $540,000 in September 2024, up 6.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305.5K | $346.6K | +13.5% |
| 3 Bedrooms | $407K | $425K | +4.4% |
| 4 Bedrooms | $504K | $530K | +5.2% |
| 5+ Bedrooms | $590K | $632.5K | +7.2% |
Summary: Silver City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Blacks Mill | $416.9K | $468.9K | +12.5% |
| Silver City | $505K | $540K | +6.9% |
| Chestatee | $473.5K | $468K | -1.2% |
Housing Supply in Silver City, GA
How many homes are available in Silver City, GA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 213 | 230 | +8.0% |
Summary: The Silver City real estate market had 230 homes for sale in September 2024, a 8.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 38 | 46 | +21.1% |
| 4 Bedrooms | 73 | 79 | +8.2% |
| 5+ Bedrooms | 98 | 101 | +3.1% |
Summary: The Silver City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 50 | 34 | -32.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver City, you may be able to get a good deal. 71.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Silver City in September 2024, down by 32.0% month-over-month. Of the 32 sold homes, 72% were sold under asking, 16% were sold at asking, and 13% were sold over asking.
Days on Market for Silver City, GA
How long does it take to sell a home in Silver City, GA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 41 Days | +90.6% |
Summary: Homes in Silver City had an average of 41 days on market in Sep 2024, up by 90.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver City are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 34 homes were sold in Silver City; 47% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 9% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.