The story of this market
The typical home in Silver Spring, Maryland sells for about $660,000, or $333 per square foot.
Prices are up +8.2% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $2,578 a month.
Monthly price momentum
Home values since 2015
+1.1%
MD · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Silver Spring, Maryland
The Silver Spring housing market shows signs of stability with moderate price appreciation and consistent demand. While inventory remains relatively tight, the area's strong transit connectivity and ongoing infrastructure projects continue to support property values.
No ARED county foreclosure postings attributed to Silver Spring yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Deterministic aggregate of 7 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 1.1% year over year.
Homes spend a median of 38 days on market with 1.2 months of supply — a fast-moving market.
10% of listings have cut prices · homes sell at 53.77% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A vibrant urban center featuring numerous restaurants, retail shops, and entertainment venues that serves as a primary social hub for residents.
A significant greenbelt offering extensive trails for walking, running, and cycling, providing essential outdoor recreation space within the urban environment.
A large regional park offering diverse recreational facilities including sports fields, picnic areas, and nature trails, enhancing the quality of life for local families.
A modern community anchor providing educational resources, public meeting spaces, and digital access, contributing to the area's civic infrastructure.
The area is served by extensive public transit options, including the Silver Spring Metro station and ongoing light rail infrastructure projects, facilitating regional commuting.
The local economy is anchored by a mix of government, technology, and service-sector employers, benefiting from its proximity to the Washington, D.C. employment core.
Development momentum is focused on transit-oriented projects and urban revitalization efforts, particularly around the Silver Spring and Wheaton corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maryland) — Maryland Real Property Assessment and Taxation: Property is assessed at its phased-in use value. The tax is calculated by multiplying the assessed value by the applicable state and local tax rates.
Data retrieved from US Census Bureau QuickFacts.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.