Real Estate Market Update for Silver Spring, MD
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was up 14% from one year earlier, and did not change from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 420-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 5%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 340-thousand dollars. The number of units sold decreased 4% year-over-year, and decreased 14% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 Boys Division 0.5 mi Private 7-12 0 0
      Arcola Elementary School 0.6 mi Public K-5 2 0
      Kemp Mill Elementary School 0.7 mi Public PRESCHOOL-5 1 3
      Pathways School - Northwood At Hyattsville 0.9 mi Private 9-12 0 0
      Glenallan Elementary School 1.0 mi Public PRESCHOOL-5 1 4
      Northwood High School 1.0 mi Public 9-12 2 4
      Hebrew Day School Of Montgomery County 1.0 mi Private K-6 0 0
      Kemp Mill Montessori School Kehillat Montessori 1.0 mi Private 1-6 0 0
      Forest Knolls Elementary School 1.1 mi Public PRESCHOOL-5 3-5 4
      Glen Haven Elementary School 1.2 mi Public PRESCHOOL-5 1 4
      Pathways School-springville 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
      Pathways School - Springville Re-entry 1.5 mi Private 9-12 0 0
      Burnt Mills Elementary School 1.5 mi Public PRESCHOOL-5 2-5 3
      National Children's Center School/maryland Site 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 School 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 2-5 5
      Highland Elementary School 1.9 mi Public PRESCHOOL-5 2-5 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 PRESCHOOL-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 3-5 4
      The Siena School 2.2 mi Private 4-12 0 4
      Pine Crest Elementary School 2.2 mi Public 3-5 3 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 2 3
      St Bernadette 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 1 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 2 4
      Calvary Lutheran School 2.7 mi Private K-8 0 4
      Torah School Of Greater Washington 2.9 mi Private K-6 0 5
      Yeshiva Of Greater Washington Girls Division 2.9 mi Private 7-12 0 5
      Sargent Shriver Elementary School 2.9 mi Public PRESCHOOL-5 2 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 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 3-5 4
      Woodlin Elementary School 3.1 mi Public K-5 3-5 5
      Mount Jezreel 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 1 2
      Harmony Hills Elementary School 3.3 mi Public PRESCHOOL-5 0 4
      Sligo Creek Elementary School 3.4 mi Public K-5 3-5 4
      Griggs International Academy 3.4 mi Private K-12 0 0
      Oak View Elementary School 3.4 mi Public 3-5 2 4
      Forcey Christian School Pk-8 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 3
      Rosemary Hills Elementary School 3.5 mi Public PRESCHOOL-2 0 4
      Stonegate Elementary School 3.5 mi Public K-5 4-5 5
      Winchester School 3.6 mi Private PRESCHOOL-2 0 4
      Broad Acres Elementary School 3.6 mi Public PRESCHOOL-5 1 3
      St Michael The Archangel Catholic School 3.6 mi Catholic K-8 0 0
      Dr. Charles R. Drew Elementary School 3.7 mi Public PRESCHOOL-5 2-5 4
      New Hampshire Estates Elementary School 4.0 mi Public PRESCHOOL-2 0 4
      East Silver Spring Elementary School 4.0 mi Public PRESCHOOL-5 2 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
      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 3-5 4
      Galway Elementary School 4.6 mi Public PRESCHOOL-5 2 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
      Weller Road Elementary School 4.9 mi Public PRESCHOOL-5 1 3
      Greencastle Elementary School 5.0 mi Public PRESCHOOL-5 1 3
      Carole Highlands Elementary School 5.1 mi Public PRESCHOOL-6 1 1
      Briggs Chaney Middle School 5.1 mi Public 6-8 2-5 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 School 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.