The Silver Spring housing market is very competitive. The median sale price of a home in Silver Spring was $165K last month, up 78.4% since last year. The median sale price per square foot in Silver Spring is $127, up 16.5% since last year.
What is the housing market like in Silver Spring today?
In October 2024, Silver Spring home prices were up 78.4% compared to last year, selling for a median price of $165K. On average, homes in Silver Spring sell after 47 days on the market compared to 65 days last year. There were 32 homes sold in October this year, down from 64 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$165,000
+78.4% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Silver Spring, WI
$165,000
+78.4%
United States
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How hot is the Silver Spring housing market?
Silver Spring is very competitive. Homes sell in 42 days.
0
100
70
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 6 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 42 days.
Hot homes
can sell for about 3% above list price and go pending in around 24 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
100.5%
+14.2 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
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 - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Silver Spring has a minor risk of flooding. 147 properties in Silver Spring are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Silver Spring. Flood risk is increasing slower than the national average.
Silver Spring has minimal risk of severe winds over the next 30 years
Wind Factor
Silver Spring has a Minor 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. properties in Silver Spring have some risk of being in a severe wind event within the next 30 years.