Is Silver Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Silver Springs has remained a Seller's Market.
Housing Prices in Silver Springs, FL
How much do homes in Silver Springs, FL cost?
Median Sold Price
$169,900
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Silver Springs was $169,900 in April 2024, down 33.4% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.1K | $92.5K | -21.0% |
2 Bedrooms | $174.9K | $93.7K | -46.4% |
3 Bedrooms | $252.5K | $179.7K | -28.8% |
4 Bedrooms | $350.6K | $332.2K | -5.2% |
5+ Bedrooms | $522.9K | $620K | +18.6% |
Summary: Silver Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21%, 2 bedroom homes decreased by 46.4%, 3 bedroom homes decreased by 28.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Anthony | $239K | $382.5K | +60.0% |
Fort Mc Coy | $166.5K | $182.5K | +9.6% |
Ocklawaha | $245K | $239K | -2.4% |
East Marion | $176K | $165K | -6.3% |
Silver Springs | $254.9K | $169.9K | -33.4% |
Housing Supply in Silver Springs, FL
How many homes are available in Silver Springs, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 70 | -2.8% |
Summary: The Silver Springs real estate market had 70 homes for sale in April 2024, a 2.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 36 | 34 | -5.6% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Silver Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Silver Springs in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for Silver Springs, FL
How long does it take to sell a home in Silver Springs, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 59 Days | +136.7% |
Summary: Homes in Silver Springs had an average of 59 days on market in Apr 2024, up by 136.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Silver Springs; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.