$6,828 Closing Credit*
$575,000
4,110 SqFt
7 Beds
•4 Full Baths
Amy E, Listing Office: RE/MAX Center
Is Silver City, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$540,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 5.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $368.3K | +27.0% |
| 3 Bedrooms | $412K | $415K | +0.7% |
| 4 Bedrooms | $499.9K | $535K | +7.0% |
| 5+ Bedrooms | $590K | $658.5K | +11.6% |
Summary: Silver City housing prices by bedroom type for October 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 increased by 0.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Blacks Mill | $418.4K | $468.9K | +12.1% |
| Silver City | $510K | $540K | +5.9% |
| Chestatee | $481.6K | $474.6K | -1.5% |
Housing Supply in Silver City, GA
How many homes are available in Silver City, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 212 | 216 | +1.9% |
Summary: The Silver City real estate market had 216 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 43 | 48 | +11.6% |
| 4 Bedrooms | 74 | 72 | -2.7% |
| 5+ Bedrooms | 91 | 92 | +1.1% |
Summary: The Silver City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
15 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. 50% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Silver City in October 2024, up by 27.0% month-over-month. Of the 44 sold homes, 50% were sold under asking, 34% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 42 Days | +193.1% |
Summary: Homes in Silver City had an average of 42 days on market in Oct 2024, up by 193.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 47 homes were sold in Silver City; 45% of homes were sold within 30 days, 43% 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.