The Silver Spring housing market is very competitive. The median sale price of a home in Silver Spring was $455K last month, up 15.2% since last year. The median sale price per square foot in Silver Spring is $204, down 1.4% since last year.
What is the housing market like in Silver Spring today?
In February 2025, Silver Spring home prices were up 15.2% compared to last year, selling for a median price of $455K. On average, homes in Silver Spring sell after 16 days on the market compared to 11 days last year. There were 65 homes sold in February this year, up from 51 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$455,000
+15.2% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Silver Spring, PA
$455,000
+15.2%
United States
To compare other locations to the Silver Spring and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Kingstown add value to a home.
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How hot is the Silver Spring housing market?
Silver Spring is very competitive. Homes sell in 12 days.
0
100
73
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 12 days.
Hot homes
can sell for about 1% above list price and go pending in around 3 days.
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 - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Spring has a moderate risk of flooding. 795 properties in Silver Spring are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Silver Spring. Flood risk is increasing slower than the national average.
21% of properties are at risk of wildfire over the next 30 years
Fire Factor
Silver Spring has a moderate risk of wildfire. There are 1,553 properties in Silver Spring that have some risk of being affected by wildfire over the next 30 years. This represents 21% of all properties in Silver Spring.
80% 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. 5,894 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 60 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 67 mph.