Silver Spring Md. - Detached Home Sales - Market report - Aug 2009

This market report covers the single family Detached and Semi-Detached homes in the 20906 zip code of Silver Spring Md., excluding the senior citizens community of Leisure World for which there is a separate post. At this time (9/6/09) there are 78 homes on the market in the 20906 zip code of Silver Springs Maryland. While there are three bedroom homes on the market, the least expensive is a four bedroom three bath home with a basement; on the market for $124,344. The most expensive is a five bedroom four full bath two half bath home also with a basement and on two acres of land. This home is on the market for $1,049,900.

There are currently 102 detached or semi-detached home under some form of contract in the zip code. The one with the lowest last known list price is a three bedroom two bath home with a price of $75,000 and was on the market for nearly eight months (235 days). The one with the highest last known list price is a five bedroom four full bath home on just over two acres of property, was listed for $1,499,000. The average last known list price for all 102 homes is $291,344. While some went under contract shortly after being placed on the market, the longest was nearly 16 months (488 days), with the average being just over two months (78 days).

Since Aug 1st 46 detached or semi-detached homes have been successfully sold in this section of the zip code. Closing prices have ranged on these home from a low of $165,000 to a high of $589,000. The average closing price for all configurations was $335,543. The days on market for this set of homes ranged from the first day to the longest being nearly 16 months (488 days), with the average being near three months (88 days).

One one-bedroom home is currently under contract after being on the market for only one week (7 dasys). This home was listed at $169,900.
There are two two-bedroom one bath homes under some form of contract in this area. The homes were lasted listed for $140,000 and $215,000, and where on the market for average of only 20 days.

Three bedroom One Bath
There are four three-bedroom one bath homes on the market for sale range in list price from $239,900 to $450,000, with the average being $327,304. Days on market for these home range from less than a week (2 days) to about 4 four months one (124 days), with the average being just over one month (41 days).
There are no two-bedroom patio homes under any form of contract at this time. Since August 1st one two-bedroom one bath patio home sold. The closing price of this home was $200,000 and it was on the market for nearly nine months (272 days).

Three Bedroom Two bath
There is a total of eight three-bedroom two bath detached or semi-detached homes on the market for sale too. The current list prices of these homes range from low of $185,000 to high of $369.000, with the average being $289,700. The days on market for these homes range from again less than one month (12 days) to a high of nearly six months (187 days), with the average being about three months (85 days).

There are three two-bedroom two bath patio homes under contract at this time. The last known list price of these three homes ranged from $212,000 to $229,000, with the average being $223,000. The days on market for these homes ranged from just about two months (58 days) to little over four months (126 days), with the average being nearly three months (93 days).

Since August 1st three two-bedroom two bath patio homes have gone to closing. The closing prices of these homes ranged from $119,000 to $295,000, with the average being $209,333. These homes were on the market for sale from six months (180 days) to over a year (385 days), with the average being nearly nine month and one half months (287 days).

Three bedroom Three Baths
There are at this time only two three-bedroom three bath homes on the market for sale in this area. The list prices of these two homes are $429,000 and $479,900, with the average being $439,450. While one has been on the market for less than three month (119 days), the other being on the market for just short of five months (146 days), with the average being 133 days.

There is only one three-bedroom patio home under contract in Leisure World at this time. The last known list price of this home was $165,000 and it was on the market for nearly ten months (304 days). Only two three-bedroom two bath patio homes went to closing since August 1st. These homes sold for $170,000 and $350,000. They were on the market for 144 and 141 days.

Four bedroom one bath
This is a total of three single family detached or semi-detached homes on the market at this time in this area. The list price for these homes ranges from a low of $325,000 to a high of $355,000, with average being $335,000. The days on market with the current Realtor from one day to three months (90 days), with the average being just over one month (36 days).

Four bedroom two bath
At this time there are 20 four-bedroom two full bath homes of this type in this area on the market for sale. The list price of these homes ranges from a low of $169,900 to a high of $525,000, with the average being $367,627. The days on market for this set of homes goes from a low of just 3 days to a high of over six months (195 days), with the average being nearly two months (58 days).

Four Bedroom three bath
There are only eight four-bedroom three bath homes of this type in the area on the market for sale at the time of this report. The list prices of these homes range from a low of $124,344 to a high of $699,900, with the average being $459,018. The days on market for this set of home ranges from a low of less than one week (4 days) to a high of about 11 months (338 days), with the average being slightly over two months (69 days).

Five bedrooms one bath
The is only one five bedroom one full bath two half baths detached home on the market in the zip code at this time. The home is listed for $260,000 and has been on the market for just over four months (123 days).

Five bedroom two bath
At this time in this zip code there are nine five-bedroom two full bath homes on the market for sale. The list prices of these homes range from a low of $185,900 to a high of $500,000, with the average being $310,589. The days on market range from a low of less than one week (4 days) to a high of nearly four months (112 days), with the average being just over two months (69 days).

Five bedroom three bath
There are ten five-bedroom three full bath single family homes on the market in the 20906 zip code at this time. The list prices of this set ranges from a low of $249,000 to a high of $729,000, with the average being $427,340. The days on market for these homes ranges from a low of less than one week (6 days) to a high of little over ten months (317 days), with the average approaching four months (108 days).

Five bedroom four baths
At the time of this report there was a total of five five-bedroom four full bath single family homes on the market in the 20906 zip code for sale. The list price of these homes goes from a low of $539,900 to a high of $1,049,900, with the average being $709,758. The days on market for this set of homes goes from a low of under two weeks (12 days) to a high of about 20 months (594 days), with the average being nealy nine months (278 days).

Six bedroom
There is only one six bedroom three bath detached home on the market in the 20906 zip code at this time. The house which has been on the market for nearly two months (67 days) is currently listed for $497,000.
There is one six bedroom four bath house on the market in the 20906 zip code at this time. This house which is listed for $669,900 has been on the market for less than two months (53 days).

Seven Bedroom
There is but one seven bedroom five full bath home in the 20906 zip code on the market for sale at this time. The home is listed for $659,000 and has been on the market for nearly four months (114 days).




If I or my team can help with your real estate needs here in Montgomery County Maryland, please feel free to contact me (301) 237-2277.
Robert J. Force
Prudential Carruthers Realtors
481 N. Frederick Ave.
Gaithersburg, Md.