The Downtown Silver Springs housing market is somewhat competitive. The median sale price of a home in Downtown Silver Springs was $320K last month, down 20.8% since last year. The median sale price per square foot in Downtown Silver Springs is $388, down 2.0% since last year.
What is the housing market like in Downtown Silver Springs today?
In September 2024, Downtown Silver Springs home prices were down 20.8% compared to last year, selling for a median price of $320K. On average, homes in Downtown Silver Springs sell after 54 days on the market compared to 38 days last year. There were 12 homes sold in September this year, down from 18 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$319,750
-20.8% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Downtown Silver Springs, MD
$319,750
-20.8%
United States
To compare other locations to the Downtown Silver Springs and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Silver Spring add value to a home.
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Work with the best agents in Downtown Silver Springs
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How hot is the Downtown Silver Springs housing market?
Downtown Silver Springs is somewhat competitive. Homes sell in 44 days.
0
100
59
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 44 days.
Hot homes
can sell for about 1% above list price and go pending in around 17 days.
Learn about schools in the Downtown Silver Springs area
Elementary
Middle
High
GreatSchools Rating
9/10
Shepherd Elementary School
Public • PreK-5
372
Students
18 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Silver Springs housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Silver Springs.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Silver Springs has a minor risk of flooding. 49 properties in Downtown Silver Springs are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Downtown Silver Springs. Flood risk is increasing slower than the national average.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Silver Springs has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Silver Springs is most at risk from hurricanes. 578 properties in Downtown Silver Springs have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 60 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.
94% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Silver Springs has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 94% of homes in Downtown Silver Springs have a Severe Heat Factor®.
Downtown Silver Springs is expected to see a 100% increase in the number of days over 104ºF over the next 30 years. Downtown Silver Springs is expected to experience 6