Is Silver Creek, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$226,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Silver Creek have sold for 9.2% less than they did a year ago.
Summary: The median home sold price in Silver Creek was $226,000 in March 2024, down 9.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $20K | N/A |
| 2 Bedrooms | $169.2K | $204K | +20.5% |
| 3 Bedrooms | $216.7K | $208.1K | -3.9% |
| 4 Bedrooms | $275.8K | $269K | -2.5% |
| 5+ Bedrooms | $417.5K | $265K | -36.5% |
Summary: Silver Creek 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 20.5%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 36.5%.
Median Sold Price Compared To Nearby Cities
| Lindale | $171K | $192K | +12.3% |
| Silver Creek | $249K | $226K | -9.2% |
Housing Supply in Silver Creek, GA
How many homes are available in Silver Creek, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Summary: The Silver Creek real estate market had 23 homes for sale in March 2024, a 35.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Silver Creek 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 remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
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 March 2024, down by 75.0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 64 Days | +180.7% |
Summary: Homes in Silver Creek had an average of 64 days on market in Mar 2024, up by 180.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silver Creek are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Silver Creek; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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