Real Estate Market Update for Silver Spring, MD
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 10% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 410-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 16%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold decreased 20% year-over-year, and increased 21% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Silver Spring, MD
Area Information for Silver Spring, MD
  • Population: 73,725
  • Median Age: 33.33 yr
  • Median Commute Time: 31.33 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 9,310/sq mi
  • Population Change Since 2000: 6.85%
  • Closest Airport: Ronald Reagan Washington National
  • Closest College: Columbia Union College
  • Closest Jr. College: Montgomery Clg-takoma Park-silver Spring
  • Median Household Income: $68,774
  • Annual Residential Turnover: 21.39%
  • Median Years in Residence: 2.76 yr
  • Median Home Sales Price: $391,500
  • Closest Major Sports Team: Washington Capitals
  • Change Avg. Household Income Since 2000: 38%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Silver Spring, MD
Median Age: 33.33 Married: 26% Number of Households: 29,032 Households with Children: 8,386
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Silver Spring, MD

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Col. E. Brooke Lee Middle School 0.1 mi Public 6-8 2-5 3
      St. Andrew Apostle School 0.3 mi Catholic PRESCHOOL-8 0 4
      Yeshiva Of Greater Washington 0.5 mi Private 7-12 0 0
      Arcola Elementary School 0.6 mi Public K-5 1 0
      Kemp Mill Elementary School 0.7 mi Public PRESCHOOL-5 1 3
      The Pathways School Northwood 0.9 mi Private 9-12 0 0
      Northwood High School 1.0 mi Public 9-12 2 4
      Hebrew Day School Of Montgomery 1.0 mi Private K-6 0 0
      Kemp Mill Montessori School Kehillat Montessori 1.0 mi Private PRESCHOOL-5 0 0
      Forest Knolls Elementary School 1.1 mi Public PRESCHOOL-5 4 4
      Glen Haven Elementary School 1.2 mi Public PRESCHOOL-5 2 5
      The Pathways School-edgewood 1.3 mi Private 9-12 0 0
      John F. Kennedy High School 1.3 mi Public 9-12 2 2
      Springbrook High School 1.3 mi Public 9-12 2-5 4
      Pathway Schools-springville 1.5 mi Private 9-12 0 0
      Burnt Mills Elementary School 1.5 mi Public K-5 2 3
      National Children's Center School 1.6 mi Private 6-8 0 0
      Sligo Middle School 1.6 mi Public 6-8 2-5 3
      Evergreen Montessori School 1.7 mi Private PRESCHOOL-3 0 4
      St. John The Baptist 1.7 mi Catholic K-8 0 5
      White Oak Middle School 1.8 mi Public 6-8 2-5 3
      Westover Elementary School 1.8 mi Public PRESCHOOL-5 4 3
      Highland Elementary School 1.9 mi Public PRESCHOOL-5 3 5
      Jackson Road Elementary School 1.9 mi Public PRESCHOOL-5 2 4
      St. John The Evangelist School 2.0 mi Catholic PRESCHOOL-8 0 4
      Oakland Terrace Elementary School 2.0 mi Public K-5 4 4
      Jamon Montessori Day School 2.1 mi Private K-1 0 0
      Montgomery Blair High School 2.2 mi Public 9-12 4 4
      The Siena School 2.2 mi Private 4-12 0 4
      Pine Crest Elementary School 2.2 mi Public 3-5 2-5 4
      Barrie School 2.2 mi Private PRESCHOOL-12 0 4
      St. Catherine Laboure School 2.2 mi Catholic PRESCHOOL-8 0 4
      Cannon Road Elementary School 2.3 mi Public PRESCHOOL-5 1 3
      St. Bernadette's Elementary School 2.3 mi Catholic K-8 0 4
      Wheaton High School 2.3 mi Public 9-12 2-5 3
      Thomas Edison High School Of Technology 2.4 mi Public 10-12 0 4
      Faith Arts Academy 2.4 mi Private PRESCHOOL-5 0 2
      Francis Scott Key Middle School 2.4 mi Public 6-8 2-5 3
      Cresthaven Elementary School 2.6 mi Public 3-5 2-5 3
      Acorn Hill Waldorf Kindergarten & Nursery 2.6 mi Private PRESCHOOL-K 0 0
      A. Mario Loiederman Middle School 2.6 mi Public 6-8 2 4
      Georgian Forest Elementary School 2.6 mi Public PRESCHOOL-5 1 4
      Calvary Lutheran School 2.7 mi Private K-8 0 4
      Bel Pre Elementary School 2.8 mi Public PRESCHOOL-2 0 3
      Yeshiva Of Greater Washington Girls Division 2.9 mi Private 7-12 0 5
      Torah School Of Greater Washington 2.9 mi Private K-6 0 5
      Sargent Shriver Elementary School 2.9 mi Public PRESCHOOL-5 1 3
      Casa De Montessori 2.9 mi Private PRESCHOOL-K 0 0
      Eastern Middle School 3.0 mi Public 6-8 3 3
      William Tyler Page Elementary School 3.0 mi Public PRESCHOOL-5 3-5 4
      Roscoe R Nix Elementary School 3.0 mi Public PRESCHOOL-2 0 4
      Paint Branch Montessori School 3.1 mi Private PRESCHOOL-6 0 5
      Argyle Middle School 3.1 mi Public 6-8 3 3
      Viers Mill Elementary School 3.1 mi Public PRESCHOOL-5 4-5 4
      Woodlin Elementary School 3.1 mi Public K-5 4 5
      Mount Jezreel Baptist Church Christian School 3.2 mi Private PRESCHOOL-6 0 0
      Highland View Elementary School 3.2 mi Public K-5 3 4
      Strathmore Elementary School 3.3 mi Public 3-5 2 2
      Harmony Hills Elementary School 3.3 mi Public PRESCHOOL-5 1 4
      Sligo Creek Elementary School 3.4 mi Public K-5 4 4
      Griggs International Academy 3.4 mi Private K-12 0 0
      Oak View Elementary School 3.4 mi Public 3-5 3 4
      Forcey Christian School 3.4 mi Private PRESCHOOL-8 0 5
      Montgomery Knolls Elementary School 3.4 mi Public PRESCHOOL-2 0 4
      Silver Spring International Middle School 3.5 mi Public 6-8 3-5 3
      Rosemary Hills Elementary School 3.5 mi Public PRESCHOOL-2 0 5
      Chelsea School 3.5 mi Private 5-12 0 5
      Stonegate Elementary School 3.5 mi Public K-5 3-5 5
      Winchester School 3.6 mi Private PRESCHOOL-2 0 4
      St. Michael School 3.6 mi Catholic K-8 0 0
      Dr. Charles R. Drew Elementary School 3.7 mi Public PRESCHOOL-5 3 4
      New Hampshire Estates Elementary School 4.0 mi Public PRESCHOOL-2 0 4
      East Silver Spring Elementary School 4.0 mi Public PRESCHOOL-4 1 4
      Quality Time Early Learning Center 4.0 mi Private K-1 0 3
      Rolling Terrace Elementary School 4.0 mi Public PRESCHOOL-5 2 4
      The Nora School 4.0 mi Private 9-12 0 5
      Glenallan Elementary School 4.1 mi Public PRESCHOOL-5 0 0
      Sligo Adventist School 4.3 mi Private PRESCHOOL-8 0 4
      Takoma Academy 4.3 mi Private 9-12 0 3
      Cloverly Elementary School 4.4 mi Public PRESCHOOL-5 4 5
      Takoma Park Middle School 4.5 mi Public 6-8 4-5 4
      James Hubert Blake High School 4.6 mi Public 9-12 3 4
      Galway Elementary School 4.6 mi Public PRESCHOOL-5 1 4
      Takoma Park Elementary School 4.6 mi Public PRESCHOOL-2 0 5
      Piney Branch Elementary School 4.7 mi Public 3-5 3 4
      Fairland Elementary School 4.7 mi Public PRESCHOOL-5 2-5 4
      Greencastle Elementary School 5.0 mi Public PRESCHOOL-5 2 3
      Carole Highlands Elementary School 5.1 mi Public PRESCHOOL-6 1 1
      Briggs Chaney Middle School 5.1 mi Public 6-8 3 3
      John Nevins Andrews School 5.3 mi Private K-8 0 5
      Don Bosco Cristo Rey High School 5.4 mi Catholic 9-12 0 0
      The Washington-mclaughlin Christian 5.6 mi Private PRESCHOOL-6 0 5
      Hampshire View Christian School 5.8 mi Private K-12 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for Silver Spring, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.