Is Silvis, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Silvis has remained a Seller's Market.
Key Takeaway
Silvis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silvis, IL
How much do homes in Silvis, IL cost?
Median Sold Price
$165,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Silvis have sold for 27.9% more than they did a year ago.
Summary: The median home sold price in Silvis was $165,000 in April 2024, up 27.9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42K | $59.9K | +42.7% |
| 2 Bedrooms | $120K | $144K | +20.0% |
| 3 Bedrooms | $128.9K | $165K | +28.0% |
| 4 Bedrooms | $175K | $165K | -5.7% |
| 5+ Bedrooms | $60K | $242.4K | +304.1% |
Summary: Silvis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.7%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 304.1%.
Median Sold Price Compared To Nearby Cities
| Silvis | $129K | $165K | +27.9% |
| Hampton Township | $127.9K | $155K | +21.2% |
| East Moline | $120K | $137K | +14.2% |
Housing Supply in Silvis, IL
How many homes are available in Silvis, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The Silvis real estate market had 21 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 7 | +250.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Silvis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 250%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silvis, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Silvis in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Silvis, IL
How long does it take to sell a home in Silvis, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 41 Days | +48.2% |
Summary: Homes in Silvis had an average of 41 days on market in Apr 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silvis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Silvis; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.