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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

$521,972

AVERAGE PRICE OF 622 HOMES

$1,029,066

AVERAGE PRICE OF 13 NEWLY BUILT HOMES

$777,149

AVERAGE PRICE OF 12 HOMES WITH A POOL

$1,554,246

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$569,046

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

$385,296

AVERAGE PRICE OF 14 DISTRESSED HOMES

Average Home

Average Price $521,972
Avg Bedrooms 3.24 beds
Avg Bathrooms 2.51 baths

Average Price by Bedrooms

1 bedroom $199,017
2 bedrooms $306,298
3 bedrooms $515,418
4 bedrooms $632,540
5 bedrooms $715,159
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Albert Einstein High School 27 $566,700 45 days
Northwood High School 20 $636,375 23 days
Springbrook High School 20 $615,866 26 days
James Hubert Blake High School 19 $603,427 38 days
Montgomery Blair High School 19 $670,866 24 days
Total Homes Average Price Avg Days on Site
All Homes 622 $521,972 38 days
Newly Built Homes 13 $1,029,066 58 days
Homes with a Pool 12 $777,149 31 days
Multi-Million Dollar Homes 14 $1,554,246 57 days
Reduced Price Homes 31 $569,046 29 days
Distressed Homes 14 $385,296 171 days