Is Silvercreek Township, OH 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, Silvercreek Township was a Buyer's Market.
Key Takeaway
Silvercreek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silvercreek Township, OH
How much do homes in Silvercreek Township, OH cost?
Median Sold Price
$191,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Silvercreek Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Silvercreek Township was $191,000 in March 2024, up 4.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $139K | -57.2% |
| 2 Bedrooms | $96K | $132K | +37.5% |
| 3 Bedrooms | $170K | $185K | +8.8% |
| 4 Bedrooms | $229.9K | $257.5K | +12.0% |
| 5+ Bedrooms | - | $246K | N/A |
Summary: Silvercreek Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.2%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jamestown | $167.5K | $223.5K | +33.4% |
| Silvercreek Township | $182.5K | $191K | +4.7% |
| Jefferson Township | $190K | $180K | -5.3% |
Housing Supply in Silvercreek Township, OH
How many homes are available in Silvercreek Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Silvercreek Township real estate market had 13 homes for sale in March 2024, a 18.8% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Silvercreek 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silvercreek Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Silvercreek Township in March 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Silvercreek Township, OH
How long does it take to sell a home in Silvercreek Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 108 Days | 70 Days | -34.8% |
Summary: Homes in Silvercreek Township had an average of 70 days on market in Mar 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Silvercreek Township has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Silvercreek Township; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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