Silver Spring, MD Housing Market Report

The Silver Spring housing market is currently undergoing a significant transition toward more balanced conditions, trending slightly in favor of buyers compared to the frantic pace of previous years. With active inventory surging by over 30% year-over-year to 12,538 units, prospective homeowners now have substantially more options to choose from. This increase in supply has directly impacted the pace of sales, with homes now spending an average of 56 days on the market—a notable 16-day increase from the same period last year. Despite the rise in inventory, the sale-to-list ratio remains at a solid 1.0, indicating that while buyers have more leverage to negotiate terms, properties are still generally selling for their asking prices.

Price trends over the latter half of 2025 show a period of stabilization following a minor correction. After a steady five-month decline from July's peak of $539,443, the median home value saw its first modest uptick in December, settling at $535,888. This represents a slight year-over-year decrease of 0.73%. This cooling of home prices stands in contrast to the rental market, where the median rent has climbed to $2,033, a 1.23% increase over the past year. The divergence between softening purchase prices and rising rents suggests that while high interest rates may be tempering homebuying demand, the fundamental desire to live in the Washington-Arlington-Alexandria metro area remains robust.

Looking ahead, the Silver Spring market offers a unique window of opportunity for well-positioned buyers. The combination of increased inventory and longer days on market means buyers can be more selective and less rushed than in previous cycles. For sellers, the strategy must shift toward realistic pricing and impeccable property presentation, as the days of immediate bidding wars have largely subsided. As we enter 2026, the market appears to be finding a new equilibrium where price growth is likely to remain flat or modest, providing a more predictable environment for long-term investment in one of Maryland's most diverse and accessible suburban hubs.