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Silver Spring

Why you'd want to live in Silver Spring

Silver Spring is a census-designated place (CDP) in southeastern Montgomery County, Maryland, United States, near Washington, D.C. Although officially unincorporated, in practice it is an edge city[2] which had a population of 81,015 residents as of the 2020 census.[3] This makes it the fifth most populous place in Maryland, after Baltimore, Columbia, Waldorf and Germantown, and the second most populous in Montgomery County after Germantown.[4][5] The downtown, located next to the northern tip of Washington, D.C., is the oldest and most urbanized part of the community. Since beginning a significant renaissance in 2004, many new mixed-use developments combining retail, residential, and office space have been built.[6] Downtown is in turn surrounded by several inner suburban residential neighborhoods located inside the Capital Beltway. Silver Spring takes its name from a mica-flecked spring discovered there in 1840 by Francis Preston Blair, who subsequently bought much of the surrounding land. Acorn Park, south of downtown, is believed to be the site of the original spring.

Silver Spring Market Report

$489,504

AVERAGE PRICE OF 494 HOMES

$378,999

AVERAGE PRICE OF 16 DISTRESSED HOMES

$1,475,679

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$1,015,917

AVERAGE PRICE OF 6 NEWLY BUILT HOMES

$882,612

AVERAGE PRICE OF 8 HOMES WITH A POOL

$522,435

AVERAGE PRICE OF 20 REDUCED PRICE HOMES

Average Home

Average Price $489,504
Avg Bedrooms 2.96 beds
Avg Bathrooms 2.42 baths

Average Price by Bedrooms

1 bedroom $211,675
2 bedrooms $280,585
3 bedrooms $458,461
4 bedrooms $607,151
5 bedrooms $689,648
Silver Spring Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 524 553 580 609 626
Average Price $504,394 $516,659 $524,525 $523,171 $532,762
Avg Price Change -2.43% -1.52% +0.26% -1.83% n/a
Median Price $475,398 $497,081 $501,262 $511,023 $523,999
Med Price Change -4.56% -0.84% -1.95% -2.54% n/a
Avg Bedrooms 3 beds 3.04 beds 3.06 beds 3.1 beds 3.15 beds
Avg Bathrooms 2.46 baths 2.5 baths 2.51 baths 2.55 baths 2.58 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Albert Einstein 24 $563,645 58 days
James Hubert Blake 13 $554,369 94 days
John F. Kennedy 21 $467,614 42 days
Montgomery Blair 16 $559,368 45 days
Northwood 22 $592,936 51 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 494 $489,504 70 days
Distressed Homes 16 $378,999 136 days
Multi-Million Dollar Homes 19 $1,475,679 179 days
Newly Built Homes 6 $1,015,917 216 days
Homes with a Pool 8 $882,612 78 days
Reduced Price Homes 20 $522,435 45 days
The Fine Living Group
Jonathan Lahey
1050 Connecticut Ave NW Ste 500
Washington, DC 20036
301-651-4900


The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Fine Living Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2022 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: December 1, 2022 8 PM.
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