$6,234 Closing Credit*
$525,000
1,400 SqFt
2 Beds
•2 Full Baths
Christel Thompson, Listing Office: Cressy & Everett R.E. of Harbor Country
Is Silver Creek Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Silver Creek Township was a Seller's Market.
Key Takeaway
Silver Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silver Creek Township, MI
How much do homes in Silver Creek Township, MI cost?
Median Sold Price
$547,000
$300/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$168,000(-23.5%)
Key Takeaway
Homes in Silver Creek Township have sold for 23.5% less than they did a month ago.
Summary: The median home sold price in Silver Creek Township was $547,000 in November 2024, down 23.5% from last month, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $715K | - | N/A |
| 3 Bedrooms | $518.5K | $547K | +5.5% |
| 4 Bedrooms | $775K | - | N/A |
| 5+ Bedrooms | $725K | - | N/A |
Summary: Silver Creek Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Silver Creek Township | $715K | $547K | -23.5% |
| Keeler Township | $265K | $180K | -32.1% |
Housing Supply in Silver Creek Township, MI
How many homes are available in Silver Creek Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Silver Creek Township real estate market had 18 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Silver Creek Township 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 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Creek Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Silver Creek Township in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Silver Creek Township, MI
How long does it take to sell a home in Silver Creek Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 162 Days | +132.1% |
Summary: Homes in Silver Creek Township had an average of 162 days on market in Nov 2024, up by 132.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Silver Creek Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Silver Creek Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
