Real Estate Market Update for Silver Spring, MD
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 30% from one year earlier, and down 10% 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 420-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 17%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 370-thousand dollars. The number of units sold increased 3% year-over-year, and decreased 15% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
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Map Information for Silver Spring, MD
Area Information for Silver Spring, MD
  • Population: 78,552
  • Median Age: 36.13 yr
  • Median Commute Time: 33 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 9,919/sq mi
  • Population Change Since 2000: 13.95%
  • Closest Airport: Ronald Reagan Washington National
  • Closest College: Columbia Union College
  • Closest Jr. College: School Of Art-design Montgomery College
  • Median Household Income: $75,721
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $432,000
  • Closest Major Sports Team: Washington Capitals
  • Change Avg. Household Income Since 2000: 54.12%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Silver Spring, MD
Median Age: 36.13 Married: 34% Number of Households: 31,788 Households with Children: 8,590
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 School Rating Parent Rating
      Col. E. Brooke Lee Middle School 0.2 mi Public 6-8 1 0
      St Andrew Apostle School 0.3 mi Catholic PRESCHOOL-8 0 0
      Yeshiva Of Greater Washington Boys Division 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 2
      Pathways School - Northwood At Hyattsville 0.9 mi Private 6-12 0 0
      Northwood High School 1.0 mi Public 9-12 2 3
      Community School Of Md At Northwood High School 1.0 mi Private 11-12 0 0
      Hebrew Day School Of Montgomery County 1.1 mi Private K-6 0 0
      Kemp Mill Montessori School Kehillat Montessori 1.1 mi Private 1-6 0 0
      Forest Knolls Elementary School 1.1 mi Public PRESCHOOL-5 4 0
      Glenallan Elementary School 1.1 mi Public PRESCHOOL-5 2 5
      Glen Haven Elementary School 1.2 mi Public PRESCHOOL-5 2 0
      Pathways School-springville 1.2 mi Private 9-12 0 0
      John F. Kennedy High School 1.3 mi Public 9-12 2 3
      Springbrook High School 1.4 mi Public 9-12 3 3
      Pathways School - Springville Re-entry 1.5 mi Private 9-12 0 0
      Burnt Mills Elementary School 1.5 mi Public PRESCHOOL-5 1 0
      Sligo Middle School 1.6 mi Public 6-8 3 0
      National Children's Center School/maryland Site 1.7 mi Private 6-8 0 0
      Evergreen Montessori School 1.7 mi Private PRESCHOOL-3 0 0
      St John The Baptist School 1.7 mi Catholic K-8 0 0
      White Oak Middle School 1.8 mi Public 6-8 2 3
      Westover Elementary School 1.8 mi Public PRESCHOOL-5 4 0
      Highland Elementary School 1.9 mi Public PRESCHOOL-5 2 0
      Jackson Road Elementary School 1.9 mi Public PRESCHOOL-5 2 0
      St John The Evangelist School 2.1 mi Catholic PRESCHOOL-8 0 0
      Jamon Montessori Day School 2.1 mi Private PRESCHOOL-2 0 0
      Oakland Terrace Elementary School 2.1 mi Public PRESCHOOL-5 3 0
      Julia Brown Montessori School 2.2 mi Private PRESCHOOL-3 0 0
      Montgomery Blair High School 2.2 mi Public 9-12 4 4
      The Siena School 2.2 mi Private 4-12 0 0
      Pine Crest Elementary School 2.2 mi Public 3-5 3 0
      Barrie School 2.2 mi Private PRESCHOOL-12 0 0
      Cannon Road Elementary School 2.3 mi Public PRESCHOOL-5 2 3
      St Bernadette School 2.3 mi Catholic K-8 0 0
      Wheaton High School 2.3 mi Public 9-12 2 3
      Thomas Edison High School Of Technology 2.4 mi Public 10-12 0 0
      Faith Arts Academy 2.4 mi Private PRESCHOOL-5 0 0
      Weller Road Elementary School 2.4 mi Public PRESCHOOL-5 2 0
      Francis Scott Key Middle School 2.4 mi Public 6-8 2 0
      Flora M. Singer Elementary School 2.4 mi Public PRESCHOOL-5 3 0
      Acorn Hill Waldorf Kindergarten & Nursery 2.6 mi Private PRESCHOOL-K 0 0
      A. Mario Loiederman Middle School 2.6 mi Public 6-8 1 0
      Cresthaven Elementary School 2.6 mi Public 3-5 1 0
      Georgian Forest Elementary School 2.6 mi Public PRESCHOOL-5 1 0
      Calvary Lutheran School 2.7 mi Private K-8 0 0
      Rock Creek Montessori School 2.7 mi Private PRESCHOOL-K 0 0
      Torah School Of Greater Washington 2.9 mi Private K-6 0 0
      Yeshiva Of Greater Washington Girls Division 2.9 mi Private 7-12 0 3
      Sargent Shriver Elementary School 2.9 mi Public PRESCHOOL-5 1 0
      Casa De Montessori 2.9 mi Private PRESCHOOL-K 0 0
      Eastern Middle School 3.0 mi Public 6-8 4 0
      William Tyler Page Elementary School 3.0 mi Public PRESCHOOL-5 3 0
      Roscoe R Nix Elementary School 3.0 mi Public PRESCHOOL-2 0 0
      Paint Branch Montessori School 3.1 mi Private PRESCHOOL-6 0 0
      Argyle Middle School 3.1 mi Public 6-8 2 0
      Viers Mill Elementary School 3.1 mi Public PRESCHOOL-5 2 0
      Woodlin Elementary School 3.1 mi Public K-5 4 0
      Mount Jezreel Christian School 3.2 mi Private PRESCHOOL-6 0 0
      Highland View Elementary School 3.2 mi Public K-5 3 0
      Strathmore Elementary School 3.3 mi Public 3-5 1 0
      Harmony Hills Elementary School 3.3 mi Public PRESCHOOL-5 0 0
      Sligo Creek Elementary School 3.4 mi Public K-5 4 0
      Griggs International Academy 3.4 mi Private K-12 0 0
      Oak View Elementary School 3.4 mi Public 3-5 2 0
      Forcey Christian School Pk-8 3.4 mi Private PRESCHOOL-8 0 0
      Montgomery Knolls Elementary School 3.4 mi Public PRESCHOOL-2 0 0
      Silver Spring International Middle School 3.4 mi Public 6-8 3 0
      Rosemary Hills Elementary School 3.5 mi Public PRESCHOOL-2 0 5
      Stonegate Elementary School 3.5 mi Public K-5 5 0
      Winchester School 3.6 mi Private PRESCHOOL-2 0 0
      Broad Acres Elementary School 3.6 mi Public PRESCHOOL-5 1 0
      Dr. Charles R. Drew Elementary School 3.7 mi Public PRESCHOOL-5 4 0
      East Silver Spring Elementary School 4.0 mi Public PRESCHOOL-5 3 0
      New Hampshire Estates Elementary School 4.0 mi Public PRESCHOOL-2 0 0
      Rolling Terrace Elementary School 4.0 mi Public PRESCHOOL-5 2 0
      Quality Time Early Learning Center 4.0 mi Private K-1 0 0
      The Nora School 4.0 mi Private 9-12 0 0
      Sligo Adventist School 4.3 mi Private PRESCHOOL-8 0 0
      Takoma Academy 4.4 mi Private 9-12 0 2
      Cloverly Elementary School 4.4 mi Public PRESCHOOL-5 4 0
      Takoma Park Middle School 4.5 mi Public 6-8 5 0
      Galway Elementary School 4.5 mi Public PRESCHOOL-5 2 0
      Takoma Park Elementary School 4.6 mi Public PRESCHOOL-2 0 0
      James Hubert Blake High School 4.7 mi Public 9-12 3 3
      Piney Branch Elementary School 4.7 mi Public 3-5 4 0
      Fairland Elementary School 4.8 mi Public PRESCHOOL-5 2 0
      Greencastle Elementary School 5.1 mi Public PRESCHOOL-5 1 0
      Carole Highlands Elementary School 5.1 mi Public PRESCHOOL-6 1 0
      Briggs Chaney Middle School 5.2 mi Public 6-8 3 0
      John Nevins Andrews School 5.3 mi Private K-8 0 0
      Don Bosco Cristo Rey High School 5.4 mi Catholic 9-12 0 3
      The Washington-mclaughlin Christian School 5.6 mi Private PRESCHOOL-6 0 0
      Hampshire View Christian School 5.8 mi Private K-12 0 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Silver Spring, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.