Silver Spring, MD
Housing market overview · Updated weekly
$680,000median sale price
Homes sold
19
Last 12 weeks
Days on market
47
Average pace
Active listings
105
5.5 months supply
Sale-to-list
100.2%
Above asking
The Silver Spring housing market is currently classified as a balanced market with a median sale price of $680,000. Prices have risen 4.6% compared to last year, with homes spending an average of 47 days on market, indicating 5.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Silver Spring?
The median home sale price in Silver Spring is $680,000, up 4.6% from last year.
How long do homes stay on market in Silver Spring?
Homes typically spend 47 days on market before going under contract.
Is Silver Spring a buyer's or seller's market?
With 5.5 months of supply, Silver Spring is currently a balanced market.
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