$5,343 Closing Credit*
$449,900
2,640 SqFt
4 Beds
•2 Full Baths, 1 Partial
Taylor Coalson, Listing Office: The Granite City Group
Is Siloam, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Siloam was a Neutral Market.
Key Takeaway
Siloam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Siloam, NC
How much do homes in Siloam, NC cost?
Median Sold Price
$555,150
$185/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$340,150(+158.2%)
Key Takeaway
Homes in Siloam have sold for 158.2% more than they did a month ago.
Summary: The median home sold price in Siloam was $555,150 in December 2024, up 158.2% from last month, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $215K | $295K | +37.2% |
| 4 Bedrooms | - | $815.3K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Siloam housing prices by bedroom type for December 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 37.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Siloam | $215K | $555.1K | +158.2% |
| Siloam Township | $215K | $555.1K | +158.2% |
| North Fall Creek Township | $400K | $265K | -33.8% |
Housing Supply in Siloam, NC
How many homes are available in Siloam, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Siloam real estate market had 5 homes for sale in December 2024, a 16.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Siloam housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 Siloam, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Siloam in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Siloam, NC
How long does it take to sell a home in Siloam, NC?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 40 Days | 53 Days | +32.5% |
Summary: Homes in Siloam had an average of 53 days on market in Dec 2024, up by 32.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Siloam are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Siloam; 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.
