Is Silver Creek, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Silver Creek was a Seller's Market.
Key Takeaway
Silver Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silver Creek, GA
How much do homes in Silver Creek, GA cost?
Median Sold Price
$237,900
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Silver Creek have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Silver Creek was $237,900 in June 2024, down 0.9% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $20K | N/A |
| 2 Bedrooms | $199.5K | $80K | -59.9% |
| 3 Bedrooms | $219.8K | $221.5K | +0.8% |
| 4 Bedrooms | $270K | $275.7K | +2.1% |
| 5+ Bedrooms | $433.7K | $265K | -38.9% |
Summary: Silver Creek 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 decreased by 59.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 38.9%.
Median Sold Price Compared To Nearby Cities
| Lindale | $166K | $210K | +26.5% |
| Silver Creek | $240K | $237.9K | -0.9% |
Housing Supply in Silver Creek, GA
How many homes are available in Silver Creek, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 22 | 34 | +54.5% |
Summary: The Silver Creek real estate market had 34 homes for sale in June 2024, a 54.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 13 | 20 | +53.8% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Silver Creek housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Creek, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Silver Creek in June 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 29 Days | 14 Days | -52.7% |
Summary: Homes in Silver Creek had an average of 14 days on market in Jun 2024, down by 52.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 June 2024, 2 homes were sold in Silver Creek; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.