$10,000 Closing Credit*
$1,300,000
2,380 SqFt
5 Beds
•3 Full Baths
Tim Mitchell, Listing Office: Cressy & Everett Real Estate
Is Silver Creek Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Silver Creek Township has remained a Seller's Market.
Key Takeaway
Silver Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Creek Township, MI
How much do homes in Silver Creek Township, MI cost?
Median Sold Price
$725,000
$461/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$425,000(+141.7%)
Key Takeaway
Homes in Silver Creek Township have sold for 141.7% more than they did a month ago.
Summary: The median home sold price in Silver Creek Township was $725,000 in September 2024, up 141.7% from last month, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $143.2K | $218.5K | +52.5% |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | $535K | $725K | +35.5% |
Summary: Silver Creek Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 52.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 35.5%.
Housing Supply in Silver Creek Township, MI
How many homes are available in Silver Creek Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Silver Creek Township real estate market had 27 homes for sale in September 2024, a 3.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Silver Creek Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Creek Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Silver Creek Township in September 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Silver Creek Township, MI
How long does it take to sell a home in Silver Creek Township, MI?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 53 Days | 68 Days | +29.4% |
Summary: Homes in Silver Creek Township had an average of 68 days on market in Sep 2024, up by 29.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Silver Creek Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 5 homes were sold in Silver Creek Township; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.