Is Silver Spring, MD 20906 a buyer’s or seller’s market?

The Silver Spring housing market right now

In the three months ending August 31, 2026, 27% of homes in Silver Spring, MD 20906 sold above their list price, the typical home went under contract in 45 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 235 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 32%, homes sold more slowly (37 days then) and the median sale price rose 10% to $419,818. Overall, Silver Spring is less competitive than a year ago, which gives buyers more room.

Within Montgomery County, homes here sell more slowly than in 63% of the county’s ZIP codes, and sell less often over asking than in 66%. On our competition score, Silver Spring ranks #161 of 241 MD ZIP codes with enough sales (score 58 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), while Silver Spring 20905 (74% sold over asking) and Boyds 20841 (51% sold over asking) are even more competitive.