BURTONSVILLE, SPENCERVILLE, AND NORTHERN SILVER SPRING HOUSING MARKET DATA

There was a decrease in total units sold in July, with 29 sold this month in Burtonsville, Spencerville, and Northern Silver Spring Real Estate versus 31 last month, a decrease of 6%. This month's total units sold was higher than at this time last year, an increase of 26% versus July 2024.

Versus last year, the total number of homes available this month is higher by 19 units or 56%. The total number of active inventory this July was 53 compared to 34 in July 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 66, a decrease of 20%.

Last July, the median sale price for Burtonsville, Spencerville, and Northern Silver Spring Homes was $520,000. This July, the median sale price was $625,000, an increase of 20% or $105,000 compared to last year. The current median sold price is 5% lower than in June.

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

In July, there was 1.8 months of supply available in Burtonsville, Spencerville, and Northern Silver Spring, compared to 1.5 in July 2024. That is an increase of 24% 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 35 homes newly listed for sale in Burtonsville, Spencerville, and Northern Silver Spring compared to 29 in July 2024, an increase of 21%. There were 37 current contracts pending sale this July compared to 19 a year ago. The number of current contracts is 95% higher than last July.

In July, the average sale price in Burtonsville, Spencerville, and Northern Silver Spring was 100.3% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 18, higher than the average last year, which was 13, an increase of 38%.





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

Zip Code(s): 20866, 20868 and 20905
Units Sold 29	Active Inventory 53	Median Sale Price $625,000	Days On Market 18

Up 26% Vs. Year Ago	Up 56% Vs. Year Ago	Up 20% Vs. Year Ago	Up 38% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 29 sold this month in Burtonsville, Spencerville, and Northern Silver Spring Real Estate versus 31 last month, a decrease of 6%. This month's total units sold was higher than at this time last year, an increase of 26% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 19 units or 56%. The total number of active inventory this July was 53 compared to 34 in July 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 66, a decrease of 20%.
		Median Sale Price Last July, the median sale price for Burtonsville, Spencerville, and Northern Silver Spring Homes was $520,000. This July, the median sale price was $625,000, an increase of 20% or $105,000 compared to last year. The current median sold price is 5% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 35	Current Contracts 37	Sold Vs. List Price 100.3%	Months of Supply 1.8

Up 21% Vs. Year Ago	Up 95% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 24% Vs. Year Ago


		Months of Supply In July, there was 1.8 months of supply available in Burtonsville, Spencerville, and Northern Silver Spring, compared to 1.5 in July 2024. That is an increase of 24% 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 35 homes newly listed for sale in Burtonsville, Spencerville, and Northern Silver Spring compared to 29 in July 2024, an increase of 21%. There were 37 current contracts pending sale this July compared to 19 a year ago. The number of current contracts is 95% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Burtonsville, Spencerville, and Northern Silver Spring was 100.3% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 18, higher than the average last year, which was 13, an increase of 38%.


	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.