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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

$532,273

AVERAGE PRICE OF 574 HOMES

$336,621

AVERAGE PRICE OF 14 DISTRESSED HOMES

$1,608,537

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$1,153,600

AVERAGE PRICE OF 10 NEWLY BUILT HOMES

$804,784

AVERAGE PRICE OF 19 HOMES WITH A POOL

$529,320

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $532,273
Avg Bedrooms 3.09 beds
Avg Bathrooms 2.53 baths

Average Price by Bedrooms

1 bedroom $194,728
2 bedrooms $295,764
3 bedrooms $485,851
4 bedrooms $638,876
5 bedrooms $720,122
Silver Spring Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 609 626 n/a n/a n/a
Average Price $523,171 $532,762 n/a n/a n/a
Avg Price Change -1.83% n/a n/a n/a n/a
Median Price $511,023 $523,999 n/a n/a n/a
Med Price Change -2.54% n/a n/a n/a n/a
Avg Bedrooms 3.1 beds 3.15 beds n/a n/a n/a
Avg Bathrooms 2.55 baths 2.58 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Albert Einstein 37 $591,748 50 days
James Hubert Blake 20 $567,840 58 days
John F. Kennedy 21 $544,171 30 days
Northwood 22 $612,960 41 days
Springbrook 17 $626,393 45 days
Total Homes Average Price Avg Days on Site
All Homes 574 $532,273 59 days
Distressed Homes 14 $336,621 156 days
Multi-Million Dollar Homes 24 $1,608,537 134 days
Newly Built Homes 10 $1,153,600 175 days
Homes with a Pool 19 $804,784 55 days
Reduced Price Homes 27 $529,320 43 days