The Silver Spring Park housing market is very competitive. The median sale price of a home in Silver Spring Park was $465K last month, up 297.4% since last year. The median sale price per square foot in Silver Spring Park is $451, up 54.5% since last year.
What is the housing market like in Silver Spring Park today?
$465K
Sale Price
+297.4% since last year
$451
Sale $/Sq. Ft.
+54.5% since last year
Over List Price
2.5%
Days on Market
19
Down Payment
17.5%
Total Homes Sold
5
To compare other locations to the Silver Spring Park 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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How hot is the Silver Spring Park housing market?
Silver Spring Park is very competitive. Homes sell in 19 days.
0
100
87
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 19 days.
Hot homes
can sell for about 6% above list price and go pending in around 5 days.
Learn about schools in the Silver Spring Park area
Elementary
Middle
High
GreatSchools Rating
6/10
East Silver Spring Elementary School
Public • PreK-5
481
Students
7 reviews
5/10
Sligo Creek Elementary School
Public • PreK-5
658
Students
13 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 Silver Spring Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Silver Spring Park.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Spring Park has a minor risk of flooding. 70 properties in Silver Spring Park are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Silver Spring Park. 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
Silver Spring Park has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Silver Spring Park is most at risk from hurricanes. 635 properties in Silver Spring Park 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 61 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.
66% of properties are at major
risk of heat over the next 30 years
Heat Factor
Silver Spring Park has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 66% of homes in Silver Spring Park have a Major Heat Factor®.
Silver Spring Park is expected to see a 100% increase in the number of days over 104ºF over the next 30 years. Silver Spring Park is expected to experience 6