Cara Pearlman

Silver Spring, MD

Single-Family Homes

COMPASS - Maryland, DC & VA



Silver Spring, MD

Mon Feb 06 2023
This week the median list price for Silver Spring, MD is $579,900 with the market action index hovering around 58. This is an increase over last month's market action index of 52. Inventory has decreased to 71. Click here to stay informed with the Silver Spring market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Silver Spring, MD

Mon Feb 06 2023
This week the median list price for Silver Spring, MD is $579,900 with the market action index hovering around 58. This is an increase over last month's market action index of 52. Inventory has decreased to 71. Click here to stay informed with the Silver Spring market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Silver Spring market.
Median List Price $579,900
Median Price of New Listings $574,450
Per Square Foot $297
Average Days on Market 66
Median Days on Market 42
Price Decreased 38%
Price Increased 4%
Relisted 10%
Inventory 71
Median Rent
Market Action 58
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$835,000 3,011 8,000 - 10,000 sqft 5 3.5 66 3 7 42
$607,499 2,074 8,000 - 10,000 sqft 4 2.8 69 6 6 35
$539,500 1,882 6,500 - 8,000 sqft 4 2 71 6 8 38
$415,000 1,349 6,500 - 8,000 sqft 3 2 72 3 5 59