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Silver Spring Market Report

$511,574

AVERAGE PRICE OF 457 HOMES

$345,133

AVERAGE PRICE OF 12 DISTRESSED HOMES

$1,376,371

AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

$932,583

AVERAGE PRICE OF 6 NEWLY BUILT HOMES

$1,032,633

AVERAGE PRICE OF 3 HOMES WITH A POOL

$460,728

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $511,574
Avg Bedrooms 2.98 beds
Avg Bathrooms 2.53 baths

Average Price by Bedrooms

1 bedroom $180,254
2 bedrooms $282,065
3 bedrooms $506,927
4 bedrooms $674,479
5 bedrooms $727,420
Silver Spring Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 450 422 396 394 371
Average Price $517,779 $501,948 $495,077 $495,702 $495,305
Avg Price Change +3.15% +1.39% -0.13% +0.08% +1.44%
Median Price $484,948 $459,508 $452,155 $456,396 $453,096
Med Price Change +5.54% +1.63% -0.94% +0.73% +0.34%
Avg Bedrooms 2.96 beds 2.89 beds 2.92 beds 2.9 beds 2.88 beds
Avg Bathrooms 2.49 baths 2.46 baths 2.42 baths 2.39 baths 2.38 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Albert Einstein 16 $530,543 34 days
James Hubert Blake 14 $714,378 40 days
Montgomery Blair 19 $713,381 76 days
Northwood 24 $585,350 22 days
Rockville 15 $345,437 46 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 457 $511,574 59 days
Distressed Homes 12 $345,133 215 days
Multi-Million Dollar Homes 21 $1,376,371 121 days
Newly Built Homes 6 $932,583 274 days
Homes with a Pool 3 $1,032,633 64 days
Reduced Price Homes 16 $460,728 46 days