Is Silver Hill Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Hill Township is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Silver Hill Township was a Seller's Market.

Key Takeaway

Silver Hill Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Silver Hill Township, NC

How much do homes in Silver Hill Township, NC cost?

Median Sold Price

$310,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,125(+3.7%)

Key Takeaway

Homes in Silver Hill Township have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Silver Hill Township was $310,000 in March 2024, up 3.7% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $165K-
N/A
2 $183.8K$277.4K
+50.9%
3 $290K$330K
+13.8%
4 $309.9K$310K
0.0%
5+ $900K-
N/A

Summary: Silver Hill Township 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 50.9%, 3 bedroom homes increased by 13.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lexington
+22.1%
Emmons Township
+9.7%
Conrad Hill Township
+4.0%
Silver Hill Township
+3.7%
Cotton Grove Township
-1.7%

Housing Supply in Silver Hill Township, NC

How many homes are available in Silver Hill Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1518+20.0%

Summary: The Silver Hill Township real estate market had 18 homes for sale in March 2024, a 20.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 76
-14.3%
4 33
0.0%
5+ 00
0.0%

Summary: The Silver Hill Township 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 increased by 80%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Hill Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Silver Hill Township in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Silver Hill Township, NC

How long does it take to sell a home in Silver Hill Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
96 Days154 Days+59.4%

Summary: Homes in Silver Hill Township had an average of 154 days on market in Mar 2024, up by 59.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Silver Hill Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 3 homes were sold in Silver Hill Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

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

Report Updated 25 Days Ago

Newest Listings in Silver Hill Township, NC

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