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 May 2023
Since last year, Silver Hill Township has remained a Seller's Market.
Housing Prices in Silver Hill Township, NC
How much do homes in Silver Hill Township, NC cost?
Median Sold Price
$335,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Silver Hill Township was $335,000 in May 2024, up 10.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | - | N/A |
2 Bedrooms | $183.8K | $360K | +95.8% |
3 Bedrooms | $295K | $334.9K | +13.5% |
4 Bedrooms | $315K | $349.9K | +11.1% |
5+ Bedrooms | $900K | - | N/A |
Summary: Silver Hill 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 increased by 95.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Silver Hill Township | $302.1K | $335K | +10.9% |
Emmons Township | $200K | $221.3K | +10.7% |
Conrad Hill Township | $250K | $260K | +4.0% |
Lexington | $280.3K | $284.2K | +1.4% |
Cotton Grove Township | $314.9K | $309K | -1.9% |
Housing Supply in Silver Hill Township, NC
How many homes are available in Silver Hill Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The Silver Hill Township real estate market had 21 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 7 | -36.4% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Hill Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Silver Hill Township in May 2024, up by 33.3% month-over-month. Of the 4 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
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 47 Days | -11.6% |
Summary: Homes in Silver Hill Township had an average of 47 days on market in May 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Silver Hill Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.