Is Silver Hill Township, NC 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 Hill Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | - | N/A |
2 Bedrooms | $183.8K | $277.4K | +50.9% |
3 Bedrooms | $290K | $330K | +13.8% |
4 Bedrooms | $309.9K | $310K | 0.0% |
5+ Bedrooms | $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 | $229.9K | $280.7K | +22.1% |
Emmons Township | $200K | $219.4K | +9.7% |
Conrad Hill Township | $250K | $259.9K | +4.0% |
Silver Hill Township | $298.8K | $310K | +3.7% |
Cotton Grove Township | $317.9K | $312.5K | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 18 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
96 Days | 154 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
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.