$2,553 Closing Credit*
$215,000
1,993 SqFt
3 Beds
•2 Full Baths
Dave Springsteen, Listing Office: Cressy & Everett Real Estate
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 October 2023
At the same time last year, Silver Creek Township was a Buyer's Market.
Key Takeaway
Silver Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Creek Township, MI
How much do homes in Silver Creek Township, MI cost?
Median Sold Price
$365,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$55,000(-13.1%)
Key Takeaway
Homes in Silver Creek Township have sold for 13.1% less than they did a year ago.
Summary: The median home sold price in Silver Creek Township was $365,000 in October 2024, down 13.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $300K | +33.3% |
| 2 Bedrooms | $174K | $210K | +20.7% |
| 3 Bedrooms | $360K | $277.5K | -22.9% |
| 4 Bedrooms | $681.2K | $600K | -11.9% |
| 5+ Bedrooms | $549K | $630K | +14.8% |
Summary: Silver Creek Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20.7%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Pokagon Township | $203K | $247.4K | +21.9% |
| Wayne Township | $150K | $175K | +16.7% |
| Dowagiac | $168.2K | $194.5K | +15.6% |
| Silver Creek Township | $420K | $365K | -13.1% |
Housing Supply in Silver Creek Township, MI
How many homes are available in Silver Creek Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Silver Creek Township real estate market had 23 homes for sale in October 2024, a 8.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Silver Creek Township 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 decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Silver Creek Township in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 73 Days | +26.3% |
Summary: Homes in Silver Creek Township had an average of 73 days on market in Oct 2024, up by 26.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Silver Creek Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.