Property prices for sale in Silver Spring (Maryland)
The prices in real estate in Silver Spring, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Silver Spring has remained the same in the last 6 months. In November, the average price per sq.feet was $268. In December this price pretty much remained the same at a value of $268 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $268 to $283.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $275.75 to $282 during March y April
Based upon to the price in Silver Spring (cities), this has gone up in the last 6 months. The price in November is $445,501, rising in December till $470,202. During the following two months (January, February) the price has had an average incrementation from $457,851.5 to $487,115.5. 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.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $532,356 they are 60 % more affordable than the average price for Silver Spring. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $519,952.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $284 / sq.feet, with an average $283 / sq.feet price in Silver Spring. The properties with the highest average prices have 3 bedrooms. They are 8 % more expensive than the average followed by properties with 4 bedrooms with a price at $297 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $532,356 it is 47 % cheaper than the average price in Silver Spring. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $712,501 it is 44 % 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 $263 / sq.feet followed by "House" priced at $299 / sq.feet. "Land" is the most costly type of property with a $308,281 / sq.feet cost followed by "Townhouse" with an average price of $9,585 / sq.feet.
