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| SEPTEMBER 2025 | |||
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| Zip Code(s): 20910, 20912 and 20907 | |||
| Units Sold 21 |
Active Inventory 117 |
Median Sale Price $452,000 |
Days On Market 36 |
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| Down Vs. Year Ago |
Up 31% Vs. Year Ago |
Down Vs. Year Ago |
Up 24% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 21 sold this month in Downtown Silver Spring and Takoma Park Real Estate. This month's total units sold was lower than at this time last year, a decrease from September 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 28 units or 31%. The total number of active inventory this September was 117 compared to 89 in September 2024. This month's total of 117 is higher than the previous month's total supply of available inventory of 114, an increase of 3%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last September, the median sale price for Downtown Silver Spring and Takoma Park Homes was $547,250. This September, the median sale price was $452,000, a decrease of $95,250 compared to last year. The current median sold price is lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 37 |
Current Contracts 25 |
Sold Vs. List Price 98.1% |
Months of Supply 5.6 |
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| Down -20% Vs. Year Ago |
Down -39% Vs. Year Ago |
Down -1.6% Vs. Year Ago |
Up 69% Vs. Year Ago |
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Months of Supply
In September, there was 5.6 months of supply available in Downtown Silver Spring and Takoma Park, compared to 3.3 in September 2024. That is an increase of 69% 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. |
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New Listings & Current Contracts
This month there were 37 homes newly listed for sale in Downtown Silver Spring and Takoma Park compared to 46 in September 2024, a decrease of 20%. There were 25 current contracts pending sale this September compared to 41 a year ago. The number of current contracts is 39% lower than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Downtown Silver Spring and Takoma Park was 98.1% of the average list price, which is 1.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 36, higher than the average last year, which was 29, an increase of 24%. | |||
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Downtown Silver Spring and Takoma Park are defined as properties listed in zip code/s 20910, 20912 and 20907. | ||
| *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. |
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