Today's View - October 19, 2011 - Silver Spring (Wheaton), Md. 20902 - Detached Homes

Today’s View – October 19, 2011 – Silver Spring (Wheaton) Md. 20902 – Detached Homes

This is a market report covering the detached homes in the Silver Spring, Md. zip code of 20902, commonly known as Wheaton. At the time of this report (10/19/2011) there is a total of 108 such homes on the market FOR SALE, 51 under contract, and another 14 that have sold in the last 30 days.

Two Bedroom Homes

There are five two-bedroom detached homes on the market for sale in this market area. The list prices of these homes range from $165,000 to $320,000, with the average being $252,980. The days on market range from a day to just over four months (127 days) with the average being over two months (61 days).

Today there six two-bedroom detached homes under contract in the area covered by this market report. The last known list price of these homes ranged from a low of $150,000 to a high of $269,000, with the average being $224,000. The days on market for these homes ranged from one day to over five months (152 days), the average being over two months (72 days).

In the last 30 days, two two-bedroom homes completed the sales process. These homes sold for $175,000 and $235,000. The days on market where very similar 82 and 84.

Three Bedroom Homes

There are 26 three-bedroom detached homes on the market for sale. The list prices of these homes range from $199,000 to $379,000, with the average being $306,777. The days on market range from a day to slightly over 21 months (631 days) with the average being approaching four months (115 days).

Today there are 16 three-bedroom detached homes in the market area currently under some form of contract. The last known list price of these homes ranged from a low of $169,900 to a high of $350,000, with the average being $250,944. The days on market for these homes ranged from less than a week (2 days) to six months (180 days), the average approaching two a months (57 days).

In the last 30 days, five three-bedroom homes completed the sales process. These homes sold for between $170,000 and $380,000, with the average being $232,780. The days on market ranged from two days to approaching six months (172 days), with the average being two months (60 days).

Four Bedroom Homes

Clearly a majority of the detached homes covered by this report are the 53 four-bedroom homes on the market for sale. The list prices of these homes range from $219,000 to $649,000, with the average being $373,578. The days on market range from two days to nine months (272 days), the average approaching three months (78 days).

Today there are 19 four-bedroom detached homes in the market area currently under some form of contract. The last known list price of these homes ranged from a low of $214,900 to a high of $525,000, with the average being $305,842. The days on market for these homes ranged from a day to approaching nine months (266 days), with the average being over two months (75 days).

In the last 30 days, five four-bedroom homes completed the sales process. These homes sold for between $259,000 and $382,000, with the average being $298,100. The days on market ranged from three weeks (21 days) to slightly over two months (66 days), with the average slightly over a month (37 days).

Five Bedroom Homes

There are 19 five-bedroom detached homes on the market for sale in the area covered by this report. The list prices of these homes range from $199,000 to $629,900, with the average being $426,237. The days on market range from a day to over seven months (223 days) with the average approaching four months (109 days).

Today there are 8 five-bedroom detached homes in the market area covered by this report that are currently under some form of contract. The last known list price of these homes ranged from a low of $130,000 to a high of $315,000 with the average being $229,125. The days on market for these homes ranged from two days to just over 11 months (337 days), with the average being three months (89 days).

In the last 30 days, two five-bedroom detached homes in the market area covered by this report completed the sales process. These homes sold for between $207,000 and $220,500, with the average being $213,750. The days on market ranged from a week (8 days) to a month (32 days), with the average being three weeks (20 days).

Six Bedroom Homes

There are three six-bedroom detached homes on the market for sale in the area covered by this report. The list prices of these homes range from $325,000 to $580,000 with the average being $434,667. The days on market range from a month (29 days) to six months (174 days) with the average approaching three months (80 days).

Today there are two six-bedroom detached home in this market area currently under some form of contract. The last known list price of these homes ranged from a low of $190,000 to a high of $310,000 with the average being $250,000. The days on market for these homes ranged from a month (26 days) to approaching five months (137 days), with the average approaching three months (82 days).

In the last 30 days, no six-bedroom detached home in this market area completed the sales process.

Seven Bedroom Homes

Today there is just one seven-bedroom detached on the market for sale in the area covered by this report. The list price of this home is $437,000 and it has been on the market for two days with the current realtor.

Today there are not seven-bedroom detached home in this market area currently under some form of contract, and none have successfully completed the sales process in the last 30 days.

Eight Bedroom Homes

Today there is just one eight-bedroom detached on the market for sale in the area covered by this report. The list price of this home is $1,200,000 and it has been on the market for nearly two years (696 days).

There is no eight-bedroom detached home in this market area under any form of contract at this time. In the last 30 days, no seven-bedroom detached home in this market area completed the sales process.

If you have any questions about this report, please call me or send me an email. I am looking forward to help you.