Property prices for sale in Silver Spring (Maryland)

The prices in real estate in Silver Spring, in the Maryland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$469,104.67
Average price last 6 months
$450.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Silver Spring has increased strongly during the last 6 months. In February, the average price per sq.feet was $234. In March this price pretty much remained the same at a value of $244 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 366 %. The price per sq.feet has had a considerable deflation of 43 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $557 to $238.5 during June, and July.

Average price

Based upon to the price in Silver Spring (cities), this has gone up in the last 6 months. The average price for February is $429,768. During March the price had a slight fall till $406,077. During the following two months (April, May) the average price had a considerable increase of 116 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $410,650 they are 55 % more affordable than the average price for Silver Spring. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $449,283.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $203 / sq.feet, with an average $225 / sq.feet price in Silver Spring. The properties with the highest average prices have 3 bedrooms. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at $225 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $410,650 it is 20 % cheaper than the average price in Silver Spring. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $516,250 it is 39 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $207 / sq.feet followed by "Villa" priced at $212 / sq.feet. "Townhouse" is the most costly type of property with a $26,119 / sq.feet cost followed by "House" with an average price of $734 / sq.feet.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Silver Spring
Number of properties used in region Maryland
$410,650
$225
2,708
178,430
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
The Veridian 1 Bedroom Apartment For Rent At 1133 East West Highway, Silver Spring, Md 209...
 20
The Veridian 1 Bedroom Apartment For Rent At 1133 East West Highway, Silver Spring, Md 209...
$1,673$1,713
Silver Spring, Maryland - For Rent - Apartment - 751 sq.feet - 1 bedroom - 1 bathroom
The veridian apartments in silver spring, md features art deco architecture, an eco-friendly green roof and a short walk to silver spring metro. Our convenient...
The Veridian 1 Bedroom Apartment For Rent At 1133 East West Highway, Silver Spring, Md 209...
 20
The Veridian 1 Bedroom Apartment For Rent At 1133 East West Highway, Silver Spring, Md 209...
$1,645$1,705
Silver Spring, Maryland - For Rent - Apartment - 660 sq.feet - 1 bedroom - 1 bathroom
The veridian apartments in silver spring, md features art deco architecture, an eco-friendly green roof and a short walk to silver spring metro. Our convenient...
The Veridian 2 Bedroom Apartment For Rent At 1133 East West Highway, Silver Spring, Md 209...
 20
The Veridian 2 Bedroom Apartment For Rent At 1133 East West Highway, Silver Spring, Md 209...
$2,229$2,309
Silver Spring, Maryland - For Rent - Apartment - 1,125 sq.feet - 2 bedrooms - 2 bathrooms
The veridian apartments in silver spring, md features art deco architecture, an eco-friendly green roof and a short walk to silver spring metro. Our convenient...
The Veridian 1 Bedroom Apartment For Rent At 1133 East West Highway, Silver Spring, Md 209...
 20
The Veridian 1 Bedroom Apartment For Rent At 1133 East West Highway, Silver Spring, Md 209...
$2,260
Silver Spring, Maryland - For Rent - Apartment - 910 sq.feet - 1 bedroom - 1 bathroom
The veridian apartments in silver spring, md features art deco architecture, an eco-friendly green roof and a short walk to silver spring metro. Our convenient...
The Veridian Studio Apartment For Rent At 1133 East West Highway, Silver Spring, Md 20910 ...
 20
The Veridian Studio Apartment For Rent At 1133 East West Highway, Silver Spring, Md 20910 ...
$1,352
Silver Spring, Maryland - For Rent - Apartment - 470 sq.feet - 1 bathroom
The veridian apartments in silver spring, md features art deco architecture, an eco-friendly green roof and a short walk to silver spring metro. Our convenient...