$5,403 Closing Credit*
$455,000
3 Beds
•2 Full Baths, 1 Partial
Emily Luna, Listing Office: Keller Williams Rlty.North Atl
Is Silver City, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Silver City was a Seller's Market.
Key Takeaway
Silver City 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 City, GA
How much do homes in Silver City, GA cost?
Median Sold Price
$540,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+5.9%)
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 $540,000 in November 2024, up 5.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $368.3K | +27.0% |
| 3 Bedrooms | $414.5K | $412.5K | -0.5% |
| 4 Bedrooms | $498K | $535K | +7.4% |
| 5+ Bedrooms | $590K | $662K | +12.2% |
Summary: Silver City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Blacks Mill | $428.4K | $464K | +8.3% |
| Silver City | $510K | $540K | +5.9% |
| Chestatee | $483.8K | $474.8K | -1.9% |
Housing Supply in Silver City, GA
How many homes are available in Silver City, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 203 | 189 | -6.9% |
Summary: The Silver City real estate market had 189 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 50 | 40 | -20.0% |
| 4 Bedrooms | 72 | 69 | -4.2% |
| 5+ Bedrooms | 79 | 79 | 0.0% |
Summary: The Silver City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 32 | -33.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 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. 62.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Silver City in November 2024, down by 33.3% month-over-month. Of the 29 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 61 Days | +153.5% |
Summary: Homes in Silver City had an average of 61 days on market in Nov 2024, up by 153.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in Silver City; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 13% 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. If you believe any FMLS listing contains material that infringes your copyrighted work please