Is Silver Spring, MD 20905 a buyer’s or seller’s market?
Silver Spring is a seller’s market. With about 1.4 months of supply and 74% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 97% of U.S. ZIP codes, and #2 of 241 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Silver Spring housing market right now
In the three months ending August 31, 2026, 74% of homes in Silver Spring, MD 20905 sold above their list price, the typical home went under contract in 19 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 44 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 38%, homes sold faster (29 days then) and the median sale price fell 3% to $679,706. Overall, Silver Spring is more competitive than a year ago, so tougher for buyers.
Within Montgomery County, homes here sell faster than in 95% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Silver Spring ranks #2 of 241 MD ZIP codes with enough sales (score 94 out of 100).
Nearby, buyers who want less competition could look at Garrett Park 20896 (0% sold over asking) or Washington Grove 20880 (0% sold over asking).
Run the numbers for 20905
Nearby markets
Ashton 20861Seller’s market $224 /sq ftBarnesville 20838 $218 /sq ftBethesda 20814Seller’s market $425 /sq ftBethesda 20816Seller’s market $495 /sq ft Browse all markets →Towns like Silver Spring nearby
Find towns like Silver Spring in other states →Where Silver Spring is
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Questions about Silver Spring real estate
Is Silver Spring a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Silver Spring, MD 20905 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Silver Spring?
The typical home went under contract in 19 days in the latest three months.
Do homes in Silver Spring sell over asking?
74% of homes sold above their original list price, and the typical sale closed at 102.4% of the list price.
What are property taxes in Silver Spring?
About 0.87% of a home’s value a year in Montgomery County, or roughly $3,480 on a $400,000 home.
What is the median home price in Silver Spring?
The median sale price was $679,706 in the three months ending August 31, 2026, about $251 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology