Silver Spring, Md. 20906 - Detached Homes - Market Report - Aug 2009

This market report details the sales activity of detached homes in the Silver Spring, Md. zip code of 20906.  Not included in this report are those homes in the senior citizens' community of Leisure World.  At this time (Aug 12, 2009) there are 80 detached homes on the market for sale.  The least expensive ($165,000) is a three bedroom one full bath home on a piece of ground just over a fifth on an acre.  The most expensive ($1,499,000) is a five bedroom, four full baths, two half baths home, with two fireplaces, and a three car garage.  This home is on just over two acres of ground.  The average list price for these 80 homes is $412,057 and they have been on the market for an average of just about three and a half months (103 days). The smallest is a two bedroom two bath home, while the largest is a seven bedroom, five full baths one half bath home on nearly at third of an acre.

Currently there is a total of 103 detached homes in the zip code under contract.  The last know list price of the least expensive was $75,000 to the most expensive listed at $600,00.  The average of the last known list prices is $284,954.  The days on market ranged from 1 day to well over a year (488 days), with the average being near three months (84 days).

Since July 12, 2009, 41 detached homes have been sold in this zip code.  The closing prices ranged from $180, 000 to $700,000.  Days on market averaged short of three months (79 days).

One Bedroom Homes

While there is no one-bedroom detached home on the market at this time, nor any sold since July 12^th ; there is one that is currently under contract.  The one-bedroom home was last listed for $169,900 and went under contract after being on the market for only one week.

 Two Bedroom Homes

Currently there is but one two-bedroom detached home on the market for sale.  This home has just come on the market ( 1 day) at $219,900 .  There are four two-bedroom homes under contract at this time with their last known list prices ranging from $179,000 to $220,000; with the average being $203,475.  The days on market for these homes ranged from just short of two weeks (13 days) to near four months (115 days); with the average being less than three months (77 days).

No two-bedroom detached home has closed since July 12^th.

 Three Bedroom Homes

Of the 80 actively listed detached homes in this report 23 are three-bedroom homes.   The listed prices of these homes range from $165,000 to $443,750, with the average being $300,852.  The days on market range from brand new (1 day) to over thirteen months (404 days), with the average being near two and a half months (77 days).

There are 30 three-bedroom detached homes under contract in this zip code at this time.  There last known list price ranging from $75,000 to $364,900; with the average being $234,100.  The days on market ranged from just 1 day to near eight months (235 days), with the average being two months (58 days).

There have been ten three-bedroom homes that went to closing since July 12^th. Their closing prices ranged from $189,000 to $359,000.  The days on market ranged from less than a week (5 days) to near six months (187 days), with the average being short of two months (52 days). Four Bedroom Homes

Four Bedroom Homes

There are likewise 30 four-bedroom detached homes in this zip code currently on the market for sale.  The list prices of these homes range from $189,900 to $699,900, with the average being $433,703. While some are brand new to the market (1 day) and the longest is over two years (785 days), the average is just over four and a half months (134 days).

There are also 33 four bedroom detached homes in this zip code the seller has accepted offers to purchase.  The last known list prices of these homes ranged from $198,000 to $600,000, with the average being $315,775.  The days on market ranged from very short (0 days) to over 16 months (488 days); but averaged near three and a half months (101 days).

Since July 12 there have been a total of 19 detached homes that were successfully closed in this zip code.  The closing prices ranged from $210,000 to $700,000, The days on market ranging from less than a week (3 days) to over nine months (285 days), with the average being just over two months (65 days).

Five Bedroom Homes

There are currently 24 five-bedroom detached homes in the zip code on the market for sale.  The list prices on these homes range from a $231,900 to a high of $1,499,000, with the average being $478,129. The days on market range from just over a week (8 days) to a little over 14 months (424 days), with the average being just over three months (97 days).

There is another 28 five-bedroom detached homes in the zip code where the owners have accepted an offer to purchase.  These homes ranged in price from $179,700 to $600,000, with the average being $326,389.  The days on market for these under contact homes range from just being placed on the market (0 days) to near 11 months (338 days), with the average being near two months (65 days).

Since July 12 there have been a total of 8 detached homes that were successfully closed in this zip code.  The closing prices ranged from $262,000 to $513,000, The days on market ranging from less than a week (4 days) to over 11 months (334 days), with the average being just over three months (103 days).

Six Bedroom Homes

There is currently only one six-bedroom detached home on the market for sale in the Silver Spring 20906 zip code for sale.  The home is listed for $679,900 and has been on the market for just over a month (37 days).

There are seven six-bedroom detached homes in this zip code where the seller have accepted an offer to purchase.   The last known list price on these homes ranged from $199,000 to $325,000, with the average being $354,843.  The days on market ranged from two weeks (14 days) to over 16 months (488 days), but the average was near seven months (206 days).

Four six-bedroom detached homes in this zip code have been successfully closed since July 12.  The closing prices have ranged from $180,000 to $471,532.  The days on market was from one week for the shortest (7 days) to near a year for the longest (354 days), with the average being five and a half months (161 days).

Seven Bedroom Homes

Currently there is one seven-bedroom detached home on the market for sale in the Silver Spring 20906 zip code.  This home has been on the market for nearly three months (88) and the currently list price is $659,000.

There is no seven-bedroom home under contract in this zip code at this time, nor has one sold since July 12, 2009.

If my team and I can help you with your real estate needs please contact me on the web, by email, or cell phone (301) 237-2277.

Robert J. Force

Prudential Carruthers Realtors

Gaithersburg, Md.