Real Estate Market Update for Silver Spring, MD
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 1% from one year earlier, and up 6% from the previous month. This recent increase reflected a larger selection of homes for buyers 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 24%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 370-thousand dollars. The number of units sold decreased 7% year-over-year, and increased 11% 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.
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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 Divis 0.5 mi Private 7-12 0 0
      Arcola Elementary 0.6 mi Public K-5 1 0
      Kemp Mill Elementary 0.7 mi Public PRESCHOOL-5 1 3
      The Pathways School Northwood 0.9 mi Private 6-12 0 0
      Glenallan Elementary 1.0 mi Public PRESCHOOL-5 1 4
      Northwood High School 1.0 mi Public 9-12 2 4
      Community School Of Md At Northwood High School 1.0 mi Private 11-12 0 0
      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 4
      Glen Haven Elementary 1.2 mi Public PRESCHOOL-5 2 4
      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 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 3 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 1.8 mi Public PRESCHOOL-5 4 3
      Highland Elementary 1.9 mi Public PRESCHOOL-5 2-5 5
      Highland Elementary 1.9 mi Public PRESCHOOL-5 2-5 5
      Jackson Road Elementary 1.9 mi Public PRESCHOOL-5 2 3
      St John The Evangelist School 2.0 mi Catholic PRESCHOOL-8 0 4
      Oakland Terrace Elementary 2.0 mi Public PRESCHOOL-5 3-5 4
      Jamon Montessori Day School 2.1 mi Private K-1 0 0
      Julia Brown Montessori School 2.2 mi Private PRESCHOOL-3 0 0
      Montgomery Blair High School 2.2 mi Public 9-12 3 4
      The Siena School 2.2 mi Private 4-12 0 4
      Pine Crest Elementary 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 2.3 mi Public PRESCHOOL-5 2 3
      St Bernadette's Elem School 2.3 mi Catholic K-8 0 4
      Wheaton High School 2.3 mi Public 9-12 3 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 2.6 mi Public 3-5 1 3
      Acorn Hill Waldorf Kindergarten & Nursery 2.6 mi Private PRESCHOOL-K 0 0
      A Mario Loiderman Middle School 2.6 mi Public 6-8 2 4
      Georgian Forest Elementary 2.6 mi Public PRESCHOOL-5 1 4
      Calvary Lutheran School 2.7 mi Private K-8 0 4
      Rock Creek Montessori School 2.7 mi Private PRESCHOOL-K 0 0
      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
      R Sargent Shriver Elementary 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 3.0 mi Public PRESCHOOL-5 2-5 4
      Roscoe R Nix Elementary 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 2-5 3
      Viers Mill Elementary 3.1 mi Public PRESCHOOL-5 3 4
      Woodlin Elementary 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 3.2 mi Public K-5 3 4
      Strathmore Elementary 3.3 mi Public 3-5 1 2
      Harmony Hills Elementary 3.3 mi Public PRESCHOOL-5 1 4
      Sligo Creek Elementary 3.4 mi Public K-5 3-5 4
      Griggs International Academy 3.4 mi Private K-12 0 5
      Oak View Elementary 3.4 mi Public 3-5 2 4
      Forcey Christian School 3.4 mi Private PRESCHOOL-8 0 5
      Montgomery Knolls Elementary 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 3.5 mi Public PRESCHOOL-2 0 5
      Stonegate Elementary 3.5 mi Public K-5 4 5
      Winchester School 3.6 mi Private PRESCHOOL-2 0 4
      Broad Acres Elementary 3.6 mi Public PRESCHOOL-5 1 3
      St Michael School 3.6 mi Catholic K-8 0 0
      Dr Charles R Drew Elementary 3.7 mi Public PRESCHOOL-5 2 4
      New Hampshire Estates Elementary School 4.0 mi Public PRESCHOOL-2 0 4
      East Silver Spring Elementary 4.0 mi Public PRESCHOOL-5 2 4
      Quality Time Learning Center 4.0 mi Private K-1 0 4
      Rolling Terrace Elementary 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 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 4.6 mi Public PRESCHOOL-5 1 4
      Takoma Park Elementary 4.6 mi Public PRESCHOOL-2 0 5
      Piney Branch Elementary 4.7 mi Public 3-5 2-5 4
      Fairland Elementary 4.7 mi Public PRESCHOOL-5 2 4
      Weller Road Elementary 4.9 mi Public PRESCHOOL-5 2 3
      Greencastle Elementary 5.0 mi Public PRESCHOOL-5 1 3
      Carole Highlands Elementary 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 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 © 2015
      Local Weather for Silver Spring, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.