Listing Office: N C Land and Lots LLC
Is Silver Creek Township, NC 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, Silver Creek Township has remained a Seller'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, NC
How much do homes in Silver Creek Township, NC cost?
Median Sold Price
$250,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,750(+6.7%)
Key Takeaway
Homes in Silver Creek Township have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Silver Creek Township was $250,000 in October 2024, up 6.7% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $67.5K | -65.8% |
| 2 Bedrooms | $178.5K | $140K | -21.6% |
| 3 Bedrooms | $247.1K | $254.9K | +3.1% |
| 4 Bedrooms | $462.5K | $286K | -38.2% |
| 5+ Bedrooms | $280K | $245K | -12.5% |
Summary: Silver Creek Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.8%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 38.2%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Quaker Meadows Township | $315K | $385K | +22.2% |
| Silver Creek Township | $234.2K | $250K | +6.7% |
| Morganton | $262.5K | $265K | +0.9% |
| Morganton Township | $265K | $265.3K | 0.1% |
Housing Supply in Silver Creek Township, NC
How many homes are available in Silver Creek Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Summary: The Silver Creek Township real estate market had 41 homes for sale in October 2024, a 8.9% decrease 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 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 decreased by 16.7%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Creek Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Silver Creek Township in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Silver Creek Township, NC
How long does it take to sell a home in Silver Creek Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 44 Days | +1003.6% |
Summary: Homes in Silver Creek Township had an average of 44 days on market in Oct 2024, up by 1003.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 7 homes were sold in Silver Creek Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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