$1,186 Closing Credit*
$99,900
936 SqFt
3 Beds
•1 Full Bath
Bridget Liske, Listing Office: Haven. Real Estate
Is Silvis, IL 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, Silvis has remained a Seller's Market.
Key Takeaway
Silvis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silvis, IL
How much do homes in Silvis, IL cost?
Median Sold Price
$140,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,000(-4.1%)
Key Takeaway
Homes in Silvis have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Silvis was $140,000 in October 2024, down 4.1% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.4K | $37.5K | -54.5% |
| 2 Bedrooms | $144.5K | $109K | -24.6% |
| 3 Bedrooms | $141.5K | $149.9K | +6.0% |
| 4 Bedrooms | $163.5K | $195.9K | +19.9% |
| 5+ Bedrooms | $226K | $229.9K | +1.7% |
Summary: Silvis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.5%, 2 bedroom homes decreased by 24.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| East Moline | $130K | $143.5K | +10.4% |
| Hampton Township | $143.5K | $140K | -2.4% |
| Silvis | $146K | $140K | -4.1% |
Housing Supply in Silvis, IL
How many homes are available in Silvis, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Silvis real estate market had 28 homes for sale in October 2024, a 7.7% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silvis 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 increased by 20%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Silvis, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Silvis in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 74 Days | +1012.5% |
Summary: Homes in Silvis had an average of 74 days on market in Oct 2024, up by 1012.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silvis are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Silvis; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.