BURTONSVILLE, SPENCERVILLE, AND NORTHERN SILVER SPRING HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in August, with 33 sold this month in Burtonsville, Spencerville, and Northern Silver Spring Real Estate. This month's total units sold was higher than at this time last year, an increase from August 2024.

Versus last year, the total number of homes available this month is higher by 29 units or 116%. The total number of active inventory this August was 54 compared to 25 in August 2024. This month's total of 54 is lower than the previous month's total supply of available inventory of 65, a decrease of 17%.

Last August, the median sale price for Burtonsville, Spencerville, and Northern Silver Spring Homes was $685,000. This August, the median sale price was approximately the same at $625,000. The current median sold price is 9% lower than in August 2024.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 1.6 months of supply available in Burtonsville, Spencerville, and Northern Silver Spring, compared to 1.1 in August 2024. That is an increase of 51% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 28 homes newly listed for sale in Burtonsville, Spencerville, and Northern Silver Spring compared to 23 in August 2024, an increase of 22%. There were 31 current contracts pending sale this August compared to 24 a year ago. The number of current contracts is 29% higher than last August.

In August, the average sale price in Burtonsville, Spencerville, and Northern Silver Spring was 99.5% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 24, higher than the average last year, which was 11. This increase was impacted by the limited number of sales.





FOCUS ON: BURTONSVILLE, SPENCERVILLE, AND NORTHERN SILVER SPRING HOUSING MARKET			AUGUST 2025

Zip Code(s): 20866, 20868 and 20905
Units Sold 33	Active Inventory 54	Median Sale Price $625,000	Days On Market 24

Up Vs. Year Ago	Up 116% Vs. Year Ago	Down -9% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in August, with 33 sold this month in Burtonsville, Spencerville, and Northern Silver Spring Real Estate. This month's total units sold was higher than at this time last year, an increase from August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 29 units or 116%. The total number of active inventory this August was 54 compared to 25 in August 2024. This month's total of 54 is lower than the previous month's total supply of available inventory of 65, a decrease of 17%.
		Median Sale Price Last August, the median sale price for Burtonsville, Spencerville, and Northern Silver Spring Homes was $685,000. This August, the median sale price was approximately the same at $625,000. The current median sold price is 9% lower than in August 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 28	Current Contracts 31	Sold Vs. List Price 99.5%	Months of Supply 1.6

Up 22% Vs. Year Ago	Up 29% Vs. Year Ago	Down -1.9% Vs. Year Ago	Up 50% Vs. Year Ago


		Months of Supply In August, there was 1.6 months of supply available in Burtonsville, Spencerville, and Northern Silver Spring, compared to 1.1 in August 2024. That is an increase of 51% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 28 homes newly listed for sale in Burtonsville, Spencerville, and Northern Silver Spring compared to 23 in August 2024, an increase of 22%. There were 31 current contracts pending sale this August compared to 24 a year ago. The number of current contracts is 29% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Burtonsville, Spencerville, and Northern Silver Spring was 99.5% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 24, higher than the average last year, which was 11. This increase was impacted by the limited number of sales.


	Burtonsville, Spencerville, and Northern Silver Spring are defined as properties listed in zip code/s 20866, 20868 and 20905.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.