$49,000
0.37 Acres
Land
Thomas Lugen, Listing Office: AMERICAN RESALES
Is Silver Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Silver Springs was a Seller's Market.
Key Takeaway
Silver Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silver Springs, FL
How much do homes in Silver Springs, FL cost?
Median Sold Price
$180,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$9,900(-5.2%)
Key Takeaway
Homes in Silver Springs have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Silver Springs was $180,000 in September 2024, down 5.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.9K | $140K | +64.7% |
| 2 Bedrooms | $100K | $111.5K | +11.5% |
| 3 Bedrooms | $218.2K | $195K | -10.7% |
| 4 Bedrooms | $332.2K | $345K | +3.9% |
| 5+ Bedrooms | $750.6K | $620K | -17.4% |
Summary: Silver Springs housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.7%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Anthony | $277.5K | $375K | +35.1% |
| East Marion | $150K | $175K | +16.7% |
| Fort Mc Coy | $178K | $201.5K | +13.2% |
| Ocklawaha | $239.4K | $239.9K | 0.2% |
| Silver Springs | $189.9K | $180K | -5.2% |
Housing Supply in Silver Springs, FL
How many homes are available in Silver Springs, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The Silver Springs real estate market had 35 homes for sale in September 2024, a 9.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Silver Springs housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Springs, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Silver Springs in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 37 Days | 73 Days | +96.8% |
Summary: Homes in Silver Springs had an average of 73 days on market in Sep 2024, up by 96.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Silver Springs has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Silver Springs; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.