Is Silver Creek, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Silver Creek was a Buyer's Market.
Housing Prices in Silver Creek, NY
How much do homes in Silver Creek, NY cost?
Median Sold Price
$157,000
$103/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Silver Creek was $157,000 in May 2024, the same as last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $150K | $90K | -40.0% |
3 Bedrooms | $158.5K | $160K | +0.9% |
4 Bedrooms | $150K | $152.5K | +1.7% |
5+ Bedrooms | $205K | $185K | -9.8% |
Summary: Silver Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
Silver Creek | $157K | $157K | 0.0% |
Hanover | $159.9K | $155K | -3.1% |
Housing Supply in Silver Creek, NY
How many homes are available in Silver Creek, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Summary: The Silver Creek real estate market had 13 homes for sale in May 2024, a 18.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Silver Creek housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Silver Creek in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Silver Creek, NY
How long does it take to sell a home in Silver Creek, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 16 Days | +450.0% |
Summary: Homes in Silver Creek had an average of 16 days on market in May 2024, up by 450% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Silver Creek; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.