Is Silver Hill Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Hill Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Silver Hill Township has remained a Seller's Market.

Key Takeaway

Silver Hill Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Silver Hill Township, NC

How much do homes in Silver Hill Township, NC cost?

Median Sold Price

$336,750

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,812(+12.6%)

Key Takeaway

Homes in Silver Hill Township have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Silver Hill Township was $336,750 in November 2024, up 12.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$160K
-3.0%
2 $239K$360K
+50.6%
3 $296K$307.5K
+3.9%
4 $305.9K$352K
+15.0%
5+ --
N/A

Summary: Silver Hill Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 50.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 15%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Silver Hill Township
+12.6%
Emmons Township
+5.9%
Lexington
+3.6%
Cotton Grove Township
0.5%
Conrad Hill Township
-4.3%

Housing Supply in Silver Hill Township, NC

How many homes are available in Silver Hill Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2923-20.7%

Summary: The Silver Hill Township real estate market had 23 homes for sale in November 2024, a 20.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 107
-30.0%
3 1212
0.0%
4 74
-42.9%
5+ 00
0.0%

Summary: The Silver Hill 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 30%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Hill Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Silver Hill Township in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Silver Hill Township, NC

How long does it take to sell a home in Silver Hill Township, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days48 Days+159.6%

Summary: Homes in Silver Hill Township had an average of 48 days on market in Nov 2024, up by 159.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Silver Hill Township has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Silver Hill Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Silver Hill Township, NC

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