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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

$514,261

AVERAGE PRICE OF 637 HOMES

$1,054,741

AVERAGE PRICE OF 14 NEWLY BUILT HOMES

$852,130

AVERAGE PRICE OF 12 HOMES WITH A POOL

$1,460,813

AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES

$480,608

AVERAGE PRICE OF 32 REDUCED PRICE HOMES

$354,833

AVERAGE PRICE OF 12 DISTRESSED HOMES

Average Home

Average Price $514,261
Avg Bedrooms 3.2 beds
Avg Bathrooms 2.48 baths

Average Price by Bedrooms

1 bedroom $197,372
2 bedrooms $302,111
3 bedrooms $480,050
4 bedrooms $650,066
5 bedrooms $687,962
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Albert Einstein High School 29 $600,259 39 days
Northwood High School 27 $594,399 15 days
John F. Kennedy High School 24 $523,395 24 days
Paint Branch High School 23 $478,390 25 days
James Hubert Blake High School 19 $568,177 34 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 637 $514,261 38 days
Newly Built Homes 14 $1,054,741 72 days
Homes with a Pool 12 $852,130 35 days
Multi-Million Dollar Homes 22 $1,460,813 54 days
Reduced Price Homes 32 $480,608 36 days
Distressed Homes 12 $354,833 152 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: July 2, 2022 2 AM.
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