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Foreclosures in Silver Spring, MD 20902

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Silver Spring, MD Foreclosures

Current Market Conditions in in Silver Spring, MD As of January 2026?
Over the past month, the Silver Spring real estate market has continued to show resilience despite rising interest rates. While some buyers have been cautious, the overall activity has remained steady with multiple offers being common in desirable areas. Homes are selling quickly, often exceeding asking prices, indicating strong buyer interest. This aligns with the ongoing trend where families are seeking suburban options with urban amenities.
How much do homes sell for in Silver Spring, MD?
The average home price is currently $591,898.
In Silver Spring, MD, how many homes are available?
There are currently 2 active home listings available in Silver Spring.
What’s the average rental cost in Silver Spring, MD?
The average rental price in Silver Spring is $2,335.
What is the most expensive home in Silver Spring?
The most expensive home sold in Silver Spring had a price of $222,798,248.
What is currently the cheapest priced home in Silver Spring, MD?
The cheapest home for sale in Silver Spring is priced at $10,013.

Living in Silver Spring, MD

Silver Spring, MD, is a bustling urban area with a rich cultural diversity and thriving local economy. It offers excellent public transport links, making commuting to Washington, D.C., effortless. The community features numerous parks and recreational spaces, providing a perfect balance of urban living and outdoor activities.

Buyer vs Seller Market in Silver Spring, MD

As of late 2023, the Silver Spring real estate market remains competitive, with a steady demand for single-family homes and condos. The area's robust job market, proximity to D.C., and desirable schools make it a prime location for buyers and renters alike.

Current trends indicate a gradual increase in home values, reflecting the growing popularity of the area. However, inventory levels remain tight, causing some price appreciation in certain neighborhoods.

Home Value Estimator For Silver Spring, MD

There are currently 77,444 real estate properties in Silver Spring, MD, with a median automated valuation model (AVM) price of $542,034.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Silver Spring, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Silver Spring, MD, is $591,898.00, with the most expensive house in Silver Spring, MD, topping out at $222,798,248.00 and the cheapest home in Silver Spring, MD, clocking in at $10,013.00. In other words, there’s something for every potential homebuyer or savvy investor in Silver Spring, MD!

Rent Prices In Silver Spring, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Silver Spring, MD, is on a rollercoaster ride. The average rent price in Silver Spring, MD, is $2,335.00. Indeed, when looking to rent in Silver Spring, MD, you can expect to pay as little as $1,040.00 or as much as $6,280.00, with the average rent median estimated to be $2,310.00. The good news is that finding an affordable and desirable property to rent in Silver Spring, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Silver Spring, MD 20902 Foreclosures

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