Is Silver City, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$541,750
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Silver City have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Silver City was $541,750 in June 2024, up 10.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $287.5K | $350K | +21.7% |
| 3 Bedrooms | $395K | $427.5K | +8.2% |
| 4 Bedrooms | $480.6K | $535K | +11.3% |
| 5+ Bedrooms | $565K | $625K | +10.6% |
Summary: Silver City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Silver City | $490K | $541.7K | +10.6% |
| Blacks Mill | $420.9K | $464.9K | +10.4% |
| Chestatee | $493.3K | $495K | 0.3% |
Housing Supply in Silver City, GA
How many homes are available in Silver City, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 228 | 246 | +7.9% |
Summary: The Silver City real estate market had 246 homes for sale in June 2024, a 7.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 53 | 57 | +7.5% |
| 4 Bedrooms | 98 | 91 | -7.1% |
| 5+ Bedrooms | 75 | 97 | +29.3% |
Summary: The Silver City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 29.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 54 | 44 | -18.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
9 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. 47.7% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Silver City in June 2024, down by 18.5% month-over-month. Of the 44 sold homes, 48% were sold under asking, 32% were sold at asking, and 20% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 16 Days | 33 Days | +96.9% |
Summary: Homes in Silver City had an average of 33 days on market in Jun 2024, up by 96.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
2 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 June 2024, 44 homes were sold in Silver City; 48% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 5% 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.