Is Silver City, GA 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, Silver City has remained a Seller's Market.
Key Takeaway
Silver City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver City, GA
How much do homes in Silver City, GA cost?
Median Sold Price
$534,933
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Silver City have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Silver City was $534,933 in April 2024, up 5.9% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $350K | +18.6% |
| 3 Bedrooms | $395K | $425K | +7.6% |
| 4 Bedrooms | $489.8K | $520K | +6.2% |
| 5+ Bedrooms | $580K | $624.9K | +7.7% |
Summary: Silver City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Silver City | $505K | $534.9K | +5.9% |
| Chestatee | $472.5K | $500K | +5.8% |
| Blacks Mill | $431.7K | $452.1K | +4.7% |
Housing Supply in Silver City, GA
How many homes are available in Silver City, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 186 | 217 | +16.7% |
Summary: The Silver City real estate market had 217 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 41 | 49 | +19.5% |
| 4 Bedrooms | 81 | 93 | +14.8% |
| 5+ Bedrooms | 61 | 73 | +19.7% |
Summary: The Silver City 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 decreased by 33.3%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 19.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver City, you may be able to get a good deal. 34% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Silver City in April 2024, up by 9.1% month-over-month. Of the 47 sold homes, 34% were sold under asking, 34% were sold at asking, and 32% were sold over asking.
Days on Market for Silver City, GA
How long does it take to sell a home in Silver City, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 18 Days | -6.5% |
Summary: Homes in Silver City had an average of 18 days on market in Apr 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silver City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 48 homes were sold in Silver City; 79% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.