The Downtown Silver Springs housing market is somewhat competitive. The median sale price of a home in Downtown Silver Springs was $323K last month, down 9.65% since last year. The median sale price per square foot in Downtown Silver Springs is $399, up 5.8% since last year.
What is the housing market like in Downtown Silver Springs today?
In April 2024, Downtown Silver Springs home prices were down 9.65% compared to last year, selling for a median price of $323K. On average, homes in Downtown Silver Springs sell after 37 days on the market compared to 37 days last year. There were 14 homes sold in April this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$322,500
-9.65% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Silver Springs, MD
$322,500
-9.65%
United States
To compare other locations to the Downtown Silver Springs 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Silver Springs housing market?
Downtown Silver Springs is somewhat competitive. Homes sell in 39 days.
0
100
53
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 39 days.
Hot homes
can sell for about 1% above list price and go pending in around 27 days.
Learn about schools in the Downtown Silver Springs area
Elementary
Middle
High
GreatSchools Rating
9/10
Shepherd Elementary School
Public • PreK-5
372
Students
17 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 Downtown Silver Springs housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Silver Springs.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Silver Springs has a moderate risk of flooding. 67 properties in Downtown Silver Springs are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Downtown Silver Springs. 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
Downtown Silver Springs has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Silver Springs is most at risk from hurricanes. 578 properties in Downtown Silver Springs 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 76 mph.
93% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Silver Springs has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 93% of homes in Downtown Silver Springs have a Severe Heat Factor®.
Downtown Silver Springs is expected to see a 100% increase in the number of days over 104ºF over the next 30 years. Downtown Silver Springs is expected to experience 6