Silver Spring Market Report
$573,811
AVERAGE PRICE OF 459 HOMES$338,133
AVERAGE PRICE OF 12 DISTRESSED HOMES$1,600,937
AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES$1,032,543
AVERAGE PRICE OF 7 NEWLY BUILT HOMES$840,700
AVERAGE PRICE OF 7 HOMES WITH A POOL$561,107
AVERAGE PRICE OF 9 REDUCED PRICE HOMESAverage Home
| Average Price | $573,811 |
| Avg Bedrooms | 2.89 beds |
| Avg Bathrooms | 2.33 baths |
Average Price by Bedrooms
| 1 bedroom | $221,006 |
| 2 bedrooms | $306,913 |
| 3 bedrooms | $532,658 |
| 4 bedrooms | $701,575 |
| 5 bedrooms | $727,661 |
Silver Spring Home Price Trends
| 8/2024 | 7/2024 | 6/2024 | 5/2024 | 4/2024 | |
|---|---|---|---|---|---|
| Total Listings | 340 | 466 | 504 | 476 | 431 |
| Average Price | $583,782 | $577,304 | $596,452 | $601,239 | $566,086 |
| Avg Price Change | +1.12% | -3.32% | -0.80% | +6.21% | +2.74% |
| Median Price | $515,612 | $516,125 | $557,950 | $554,999 | $499,995 |
| Med Price Change | -0.10% | -8.10% | +0.53% | +11.00% | +5.37% |
| Avg Bedrooms | 2.77 beds | 2.87 beds | 3.04 beds | 3.08 beds | 2.96 beds |
| Avg Bathrooms | 2.27 baths | 2.4 baths | 2.54 baths | 2.55 baths | 2.44 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Montgomery Blair | 22 | $608,008 | 35 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 459 | $573,811 | 53 days |
| Distressed Homes | 12 | $338,133 | 19 days |
| Multi-Million Dollar Homes | 35 | $1,600,937 | 147 days |
| Newly Built Homes | 7 | $1,032,543 | 180 days |
| Homes with a Pool | 7 | $840,700 | 50 days |
| Reduced Price Homes | 9 | $561,107 | 25 days |
