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 May 2023
At the same time last year, 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, NC
How much do homes in Silver Creek Township, NC cost?
Median Sold Price
$240,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Silver Creek Township have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Silver Creek Township was $240,000 in May 2024, down 5.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $132.5K | N/A |
| 2 Bedrooms | $173.2K | $149.5K | -13.7% |
| 3 Bedrooms | $253K | $250K | -1.2% |
| 4 Bedrooms | $291.5K | $367.5K | +26.1% |
| 5+ Bedrooms | $460K | $245K | -46.7% |
Summary: Silver Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 46.7%.
Median Sold Price Compared To Nearby Cities
| Quaker Meadows Township | $277.5K | $361K | +30.1% |
| Morganton | $255K | $264.6K | +3.8% |
| Morganton Township | $255K | $263.5K | +3.3% |
| Silver Creek Township | $253K | $240K | -5.1% |
Housing Supply in Silver Creek Township, NC
How many homes are available in Silver Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Silver Creek Township real estate market had 39 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Silver Creek Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Silver Creek Township in May 2024, down by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 18 Days | -71.8% |
Summary: Homes in Silver Creek Township had an average of 18 days on market in May 2024, down by 71.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 May 2024, 4 homes were sold in Silver Creek Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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