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 April 2021

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.

How much do homes in Silver Creek, GA cost?

Median Sold Price

$225,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$69,500(+44.7%)

Key Takeaway

Homes in Silver Creek have sold for 44.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 -$319.5K
N/A
2 $106.9K$147K
+37.4%
3 $155.5K$196.5K
+26.4%
4 $167.1K$300K
+79.5%
5+ $251K$288K
+14.7%

Median Sold Price Compared To Nearby Cities

Silver Creek
+44.7%
Lindale
+34.0%

How many homes are available in Silver Creek, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
2729+7.4%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 42
-50.0%
3 811
+37.5%
4 1415
+7.1%
5+ 11
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
412+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Creek, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
6 Days13 Days+126.4%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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.

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

About Silver Creek, GA

There are 29 homes are for sale in Silver Creek, GA real estate market. The inventory of homes for sale in Silver Creek, GA between March 2022 and April 2022 increased by 7.4%. The median list price of listings available in April 2022 was $225,000, while the average time on the real estate market was 13 days. Real estate listing prices changed between March 2022 and April 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 37.4%, prices of 3 bedrooms properties went up by 26.4%, prices of 4 bedrooms properties went up by 79.5%, the cost of 5 bedrooms properties went up by 14.7%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 50%, 3 bedrooms homes became 37.5% more available, number of 4 bedrooms homes increased by 7.1%, 5 bedrooms homes did not move. Silver Creek, GA housing market in April 2022 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 5 sold below.