Is Silvercreek Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Silvercreek Township was a Seller's Market.
Key Takeaway
Silvercreek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silvercreek Township, OH
How much do homes in Silvercreek Township, OH cost?
Median Sold Price
$185,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Silvercreek Township have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Silvercreek Township was $185,000 in May 2024, down 1.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $139K | -57.2% |
| 2 Bedrooms | $73K | $132K | +80.8% |
| 3 Bedrooms | $176.5K | $181K | +2.5% |
| 4 Bedrooms | $244.9K | $275K | +12.3% |
| 5+ Bedrooms | $287K | $205K | -28.6% |
Summary: Silvercreek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.2%, 2 bedroom homes increased by 80.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Cities
| New Jasper Township | $242K | $250K | +3.3% |
| Jamestown | $217K | $223.5K | +3.0% |
| Silvercreek Township | $188.1K | $185K | -1.7% |
| Jefferson Township | $185.7K | $175K | -5.8% |
Housing Supply in Silvercreek Township, OH
How many homes are available in Silvercreek Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Silvercreek Township real estate market had 13 homes for sale in May 2024, a 13.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silvercreek Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silvercreek Township, 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 Silvercreek Township in May 2024, down by 66.7% month-over-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 Silvercreek Township, OH
How long does it take to sell a home in Silvercreek Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 182 Days | +229.7% |
Summary: Homes in Silvercreek Township had an average of 182 days on market in May 2024, up by 229.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Silvercreek Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Silvercreek Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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