What is the housing market like in Silver Spring today?
In August 2023, Silver Spring home prices were down 26.3% compared to last year, selling for a median price of $299K.
$371K
Sale Price
$178
Sale $/Sq. Ft.
Over List Price
4.7%
Days on Market
143
Down Payment
—
Total Homes Sold
2
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 Salunga add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Home offer insights for Silver Spring
Explore recent offers and recently sold homes in Silver Spring
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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.
Risk Factor
Flood Factor - Extreme
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Spring has an extreme risk of flooding. 811 properties in Silver Spring are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Silver Spring. Flood risk is increasing slower than the national average.
28% of properties are at risk of wildfire over the next 30 years
Fire Factor
Silver Spring has a moderate risk of wildfire. There are 2,055 properties in Silver Spring that have some risk of being affected by wildfire over the next 30 years. This represents 28% 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. 5,896 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.