The Silver Spring housing market is very competitive. Homes in Silver Spring receive 3 offers on average and sell in around 29 days. The median sale price of a home in Silver Spring was $633K last month, up 21.7% since last year. The median sale price per square foot in Silver Spring is $342, up 12.5% since last year.
What is the housing market like in Silver Spring today?
In February 2025, Silver Spring home prices were up 21.7% compared to last year, selling for a median price of $633K. On average, homes in Silver Spring sell after 29 days on the market compared to 28 days last year. There were 43 homes sold in February this year, up from 36 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$633,000
+21.7% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Silver Spring, MD
$633,000
+21.7%
United States
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How hot is the Silver Spring housing market?
Silver Spring is very competitive. Homes sell in 33.5 days.
0
100
74
Very 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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 34 days.
Hot homes
can sell for about 2% above list price and go pending in around 10 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Silver Spring
Explore recent offers and recently sold homes in Silver Spring
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 Silver Spring housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Silver Spring.
Flood Factor - Major
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Spring has a major risk of flooding. 1,276 properties in Silver Spring are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Silver Spring. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Silver Spring has a moderate risk of wildfire. There are 455 properties in Silver Spring that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Silver Spring.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Silver Spring has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Silver Spring is most at risk from hurricanes. 12,779 properties in Silver Spring 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 63 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 78 mph.