Is Silver Creek, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Creek is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 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, GA

How much do homes in Silver Creek, GA cost?

Median Sold Price

$239,900

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$100(0%)

Key Takeaway

The sold price of homes in Silver Creek has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$20K
N/A
2 $184K$204K
+10.9%
3 $215.8K$224K
+3.8%
4 $269K$272.5K
+1.3%
5+ $433.7K$265K
-38.9%

Summary: Silver Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 38.9%.

Median Sold Price Compared To Nearby Cities

Lindale
+22.4%
Silver Creek
0%

Housing Supply in Silver Creek, GA

How many homes are available in Silver Creek, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2420-16.7%

Summary: The Silver Creek real estate market had 20 homes for sale in May 2024, a 16.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1512
-20.0%
4 44
0.0%
5+ 44
0.0%

Summary: The Silver Creek housing inventory by bedroom type for May 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Creek, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Silver Creek in May 2024, up by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for Silver Creek, GA

How long does it take to sell a home in Silver Creek, GA?

Average Sale Time

May 2023May 2024CHANGE
10 Days37 Days+258.7%

Summary: Homes in Silver Creek had an average of 37 days on market in May 2024, up by 258.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Silver Creek are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 6 homes were sold in Silver Creek; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Silver Creek, GA

Nearby Markets to Silver Creek, GA