Is Silver Creek, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Creek is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Silver Creek has remained a Buyer's Market.

Key Takeaway

Silver Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Silver Creek, WA

How much do homes in Silver Creek, WA cost?

Median Sold Price

$437,750

$276/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$42,750(+10.8%)

Key Takeaway

Homes in Silver Creek have sold for 10.8% more than they did a month ago.

Summary: The median home sold price in Silver Creek was $437,750 in October 2024, up 10.8% from last month, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$437.7K
N/A
3 $395K-
N/A
4 --
N/A
5+ --
N/A

Summary: Silver Creek housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Silver Creek
+10.8%
Cinebar
+9.8%
Salkum
-48.6%

Housing Supply in Silver Creek, WA

How many homes are available in Silver Creek, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The Silver Creek real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 67
+16.7%
4 00
0.0%
5+ 00
0.0%

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 increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 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 Creek, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Silver Creek in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Silver Creek, WA

How long does it take to sell a home in Silver Creek, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
10 Days88 Days+780.0%

Summary: Homes in Silver Creek had an average of 88 days on market in Oct 2024, up by 780% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 Creek has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Silver Creek; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in Silver Creek, WA

Nearby Markets to Silver Creek, WA

What housing markets are near Silver Creek, WA?