Property prices for sale in Silver Spring (Maryland)

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

$418,516.83
Average price last 6 months
$241.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Silver Spring has increased during the last 6 months. In April, the average price per sq.feet was $225. In the following month the price per sq.feet increased to $251. In the following two months the price per sq.feet has increased 108 %, going from $238 to $258 per sq.feet. The price per sq.feet has decreased 92 % 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 $248 to $228.5 during August, and September.

Average price

Based upon to the price in Silver Spring (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $392,196. In May This price remains at $401,202. In the following two months the average price has remained the same with regard to the previous two months from $396,699 to $411,859.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $458,267 they are 59 % more affordable than the average price for Silver Spring. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $424,116.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $225 / sq.feet, with an average $234 / sq.feet price in Silver Spring. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at $242 / 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 $458,267 it is 47 % cheaper than the average price in Silver Spring. "Land" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $525,795 it is 16 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $192 / sq.feet followed by "Land" priced at $217 / sq.feet. "Townhouse" is the most costly type of property with a $9,835 / sq.feet cost followed by "House" with an average price of $771 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Silver Spring
Number of properties used in region Maryland
$458,267
$234
5,470
415,464
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value