$1,661 Closing Credit*
$139,900
1,140 SqFt
3 Beds
•1 Full Bath
Louis Dispenza, Listing Office: Midtown Realty
Is Silver Creek, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Silver Creek was a Neutral Market.
Key Takeaway
Silver Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Creek, NY
How much do homes in Silver Creek, NY cost?
Median Sold Price
$175,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+11.5%)
Key Takeaway
Homes in Silver Creek have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Silver Creek was $175,000 in October 2024, up 11.5% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134.5K | $196K | +45.7% |
| 3 Bedrooms | $159K | $167K | +5.0% |
| 4 Bedrooms | $150K | $170K | +13.3% |
| 5+ Bedrooms | $195K | $185K | -5.1% |
Summary: Silver Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Silver Creek | $157K | $175K | +11.5% |
| Hanover | $158K | $172K | +8.9% |
Housing Supply in Silver Creek, NY
How many homes are available in Silver Creek, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Silver Creek real estate market had 16 homes for sale in October 2024, a 5.9% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Silver Creek 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Creek, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Silver Creek in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Silver Creek, NY
How long does it take to sell a home in Silver Creek, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 140 Days | 34 Days | -75.8% |
Summary: Homes in Silver Creek had an average of 34 days on market in Oct 2024, down by 75.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silver Creek are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Silver Creek; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
