Silver Spring, Md. 20901 - Detached Homes - Market Report - April 2009

Silver Spring, Md. 20901 - Detached Homes - Market report April 2009

This market report details the sales activity of detached homes in the Silver Spring, Md. zip code of 20901, for the period since March 1, 2009. At the time of this report (4/21/2009), a total of 108 detached homes were on the market for sale. While there are two bedroom homes on the market in this area, the cheapest is a three bedroom / two bath listed for $160,000. The most expensive home is a four bedroom / two and one half bath home listed at $675,000. Several five and six bedroom homes are on the market for sale as well. The average list price for all detached homes in the zip code is $401,000.

While 29 homes were added to the market in March, only 11 of these are still on the market. The average number of days on market for all those still active is a little over three months (110 days). Six of the homes have been on the market for over one year.

There are currently 56 detached homes in this area that have had offers to purchase accepted by the sellers. These homes have ranged in list price from $215,900 for a three bedroom home on nearly a fifth of an acre to $998,000 for a five bedroom / three bath homes that is just a year old. The average list price in the area was $398,500. The average number of days on market for these homes was nearly three months (99 days).

Between March 1 and April 15 of this year, 25 detached homes have been sold. The closing prices ranged from $200,000 for a four bedroom two bath home to $705,000 for a five bedroom / three bath home. While the number of days on the market for these homes ranged from one week to nearly a year and a half, the average number of days on the market was just about three months (104 days). During the same time period last year, 29 detached homes sold in this area. The costs ranged from $300,000 to $890,000 and the number of days on the market averaged five months (150 days).

If my team and I can help you with your real estate needs, please contact me on the web, by email, or cell phone (301) 237-2277.

Robert J. Force

Prudential Carruthers Realtors

Gaithersburg, Md.