Silvis Housing Market Report December 2024•Rock Island County, Illinois

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Housing Prices in Silvis, IL

How much do homes in Silvis, IL cost?

Housing Market Conditions

Is Silvis, IL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Silvis is a Seller's Market

Difference Since December 2023

Since last year, Silvis has remained a Seller's Market.

Insight

Silvis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$142,000$108/SqFt
-$7,200
-4.8%

Based on all homes sold in the last 12 months

Insight

Homes in Silvis have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in Silvis was $142,000 in December 2024, down 4.8% from last year, and the median price per square foot was $108.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
East Moline
+11.9%
Hampton Township
-1.5%
Silvis
-4.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$59.9K-
N/A
2$143.7K$115.5K
-19.7%
3$145.8K$149.9K
+2.8%
4$162K$224.5K
+38.6%
5$226K$229.9K
+1.7%

Summary: Silvis housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -19.7%. The home price for 3 bedroom homes increased by +2.8%. The home price for 4 bedroom homes increased by +38.6%. The home price for 5 bedroom homes increased by +1.7%.

Housing supply in Silvis, IL

How many homes are available in Silvis, IL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
28Last MonthDec 2024
312 months agoNov 2024
-9.7 %
Change MoMNov – Dec

Summary: The Silvis real estate market had 28 homes for sale in Dec 2024, a 9.7 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthDec 2024
62 months agoNov 2024
+16.7 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
286
-25.0%
31715
-11.8%
467
+16.7%
500
0.0%

Summary: Silvis housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -11.8%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Silvis, IL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in Silvis, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Silvis in December 2024, up by 16.7% month-over-month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and and 71% were sold over asking.

Days on Market for Silvis, IL

How long does it take to sell a home in Silvis, IL?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

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

Summary: During December 2024, 7 homes were sold in Silvis; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
11 DaysThis YearDec 2024
20 Days1 year agoDec 2023
-43.8 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Silvis had an average listing age of 11 days in Dec 2024, down by 43.8% compared to the previous year.

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Newest Listings in Silvis, IL

What homes are available in Silvis, IL?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from RMLS Alliance, for the period 01/01/2023 - 01/01/2025

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 11:51:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.