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 May 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

$335,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$32,880(+10.9%)

Key Takeaway

Homes in Silver Hill Township have sold for 10.9% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $165K-
N/A
2 $183.8K$360K
+95.8%
3 $295K$334.9K
+13.5%
4 $315K$349.9K
+11.1%
5+ $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
+10.9%
Emmons Township
+10.7%
Conrad Hill Township
+4.0%
Lexington
+1.4%
Cotton Grove Township
-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 2024May 2024CHANGE
2021+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

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 117
-36.4%
3 811
+37.5%
4 12
+100.0%
5+ 00
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 2024May 2024CHANGE
34+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

Asking vs Sold - buyer

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 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 2023May 2024CHANGE
54 Days47 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Silver Hill Township are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

Newest Listings in Silver Hill Township, NC

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