Is Silver Springs, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Springs is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Silver Springs has remained a Seller's Market.

Key Takeaway

Silver Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Silver Springs, FL cost?

Median Sold Price

$268,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$72,750(+37.3%)

Key Takeaway

Homes in Silver Springs have sold for 37.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $64.9K$94.5K
+45.6%
2 $110K$182.5K
+65.9%
3 $188K$260K
+38.3%
4 $368K$380K
+3.3%
5+ $390K$486.4K
+24.7%

Median Sold Price Compared To Nearby Cities

Silver Springs
+37.3%
Fort Mc Coy
+36.0%
Ocklawaha
+29.4%
East Marion
+23.6%
Anthony
+8.0%

How many homes are available in Silver Springs, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
3628-22.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 22
0.0%
2 75
-28.6%
3 1714
-17.6%
4 87
-12.5%
5+ 20
-100.0%

Number of Homes Sold

Sep 2022Oct 2022%
106-40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Springs, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
51 Days32 Days-36.8%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Silver Springs are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Silver Springs, FL

There are 28 homes are for sale in Silver Springs, FL real estate market. The inventory of homes for sale in Silver Springs, FL between September 2022 and October 2022 decreased by 22.2%. The median list price of listings available in October 2022 was $268,000, while the average time on the real estate market was 32 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 45.6%, the cost of 2 bedrooms properties went up by 65.9%, the cost of 3 bedrooms properties went up by 38.3%, 4 bedrooms properties prices increased by 3.3%, the cost of 5 bedrooms properties went up by 24.7%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 28.6% less available, 3 bedrooms homes became 17.6% less available, number of 4 bedrooms homes decreased by 12.5%, 5 bedrooms homes became 100% less available. In October 2022 more than 0 listings in Silver Springs, FL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 4 were sold below.

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