Is Silver City, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Silver City has remained a Seller's Market.
Key Takeaway
Silver City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver City, GA
How much do homes in Silver City, GA cost?
Median Sold Price
$525,166
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Silver City have sold for 4% more than they did a year ago.
Summary: The median home sold price in Silver City was $525,166 in March 2024, up 4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $320.5K | +8.6% |
| 3 Bedrooms | $389.9K | $421K | +8.0% |
| 4 Bedrooms | $490K | $510K | +4.1% |
| 5+ Bedrooms | $580K | $624.9K | +7.7% |
Summary: Silver City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Blacks Mill | $424.5K | $456.5K | +7.5% |
| Chestatee | $470.4K | $494.8K | +5.2% |
| Silver City | $505K | $525.1K | +4.0% |
Housing Supply in Silver City, GA
How many homes are available in Silver City, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 168 | 195 | +16.1% |
Summary: The Silver City real estate market had 195 homes for sale in March 2024, a 16.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 38 | 42 | +10.5% |
| 4 Bedrooms | 60 | 82 | +36.7% |
| 5+ Bedrooms | 66 | 67 | +1.5% |
Summary: The Silver City housing inventory by bedroom type for March 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 10.5%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 1.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 40 | -18.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 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. 50% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Silver City in March 2024, down by 18.4% month-over-month. Of the 36 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 30 Days | -31.3% |
Summary: Homes in Silver City had an average of 30 days on market in Mar 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 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 March 2024, 40 homes were sold in Silver City; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% 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.