$2,494 Closing Credit*
$210,000
875 SqFt
2 Beds
•1 Full Bath
Angela Brown Cranford, Listing Office: Price REALTORS - Archdale
Is Silver Hill 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 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
$339,100
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,225(+13.5%)
Key Takeaway
Homes in Silver Hill Township have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Silver Hill Township was $339,100 in October 2024, up 13.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $160K | -3.0% |
| 2 Bedrooms | $185K | $373.7K | +102.0% |
| 3 Bedrooms | $297K | $334.9K | +12.8% |
| 4 Bedrooms | $305.9K | $352K | +15.0% |
| 5+ Bedrooms | $900K | - | N/A |
Summary: Silver Hill Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 102%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Silver Hill Township | $298.8K | $339.1K | +13.5% |
| Emmons Township | $220K | $228.9K | +4.1% |
| Lexington | $279.5K | $288.5K | +3.2% |
| Cotton Grove Township | $312.7K | $313.9K | 0.4% |
| Conrad Hill Township | $259.9K | $250K | -3.8% |
Housing Supply in Silver Hill Township, NC
How many homes are available in Silver Hill Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The Silver Hill Township real estate market had 29 homes for sale in October 2024, a 6.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Hill Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Hill Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Silver Hill Township in October 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +33.6% |
Summary: Homes in Silver Hill Township had an average of 28 days on market in Oct 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silver Hill Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Silver Hill Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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