Silver Spring, MD Home Values & Market Trends
Real estate market trends reflect that there have been 2,331 transactions over the past year in Silver Spring. The median value for residential home transactions that occurred over the previous year is $536,055.32. The number of current listings in Silver Spring is 255, and the percentage of properties for sale in the city is 255.00%. Silver Spring, MD currently has 63 properties in foreclosure, 13 bank owned properties, 20 properties headed for auction, and 255 properties for sale.
Silver Spring, MD Real Estate Market Overview
Housing Market Summary for Silver Spring, MD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $444.9K | $487.2K | 9.52% |
| Median Sold Price | $514.1K | $487.2K | -5.22% |
| Homes For Sale | 244 | 232 | -4.92% |
| Homes Sold | 1,520 | 1,374 | -9.61% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Silver Spring, MD
Browse Homes in Silver Spring, MD
Silver Spring home values range from $45,674 to $6,488,019. The median estimated value of a home in Silver Spring is $536,055.32. The median list price of a home is 475,000, and the total count of properties in the city is 73,677.
- Pre-ForeclosurePre-foreclosure homes account for 0.04% of all residential properties in Silver Spring, MD with 20904 containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 7 zips within Silver Spring, MD; of those zips, the estimated home value for pre-foreclosure homes ranges from $656,830 in 20905 to the lowest home value of $189,245 in 20906.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Silver Spring, MD ranges from the highest value of $790,161 in 20905 to the lowest value of $168,375 in 20906. Bank owned homes and properties account for 0.02% of properties in Silver Spring, MD. There are 7 zips within Silver Spring, MD; 20906 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions20906 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Silver Spring, MD. Auction homes and other auction properties account for 0.03% of all properties in Silver Spring, MD. There are 7 zips within Silver Spring, MD; of those zips, the median estimated home value for homes going to auction ranges from $799,268 in 20901 to the lowest value of $193,765 in 20901.
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Guide for Silver Spring, MD
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