$2,552 Closing Credit*
$214,900
3,794 SqFt
4 Beds
•2 Full Baths, 3 Partial
Ted Leuck, Listing Office: Ruhl&Ruhl REALTORS Moline
Is Silvis, IL 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, Silvis was a Seller's Market.
Key Takeaway
Silvis 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 Silvis, IL
How much do homes in Silvis, IL cost?
Median Sold Price
$140,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,900(-6.6%)
Key Takeaway
Homes in Silvis have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Silvis was $140,000 in November 2024, down 6.6% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.4K | $37.5K | -54.5% |
| 2 Bedrooms | $143K | $117K | -18.2% |
| 3 Bedrooms | $143.3K | $149.9K | +4.6% |
| 4 Bedrooms | $169.9K | $190.4K | +12.1% |
| 5+ Bedrooms | $226K | $229.9K | +1.7% |
Summary: Silvis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.5%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| East Moline | $132.2K | $146.3K | +10.7% |
| Hampton Township | $145.8K | $141K | -3.3% |
| Silvis | $149.9K | $140K | -6.6% |
Housing Supply in Silvis, IL
How many homes are available in Silvis, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The Silvis real estate market had 31 homes for sale in November 2024, a 14.8% increase 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silvis 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 increased by 33.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silvis, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Silvis in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Silvis, IL
How long does it take to sell a home in Silvis, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 8 Days | +43.3% |
Summary: Homes in Silvis had an average of 8 days on market in Nov 2024, up by 43.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silvis are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Silvis; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.