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 buyer's market

Buyer's
Market

Difference Since June 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

$167,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$40,500(-19.5%)

Key Takeaway

Homes in Silver Springs have sold for 19.5% less than they did a year ago.

Summary: The median home sold price in Silver Springs was $167,000 in June 2024, down 19.5% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $84.9K$130K
+52.9%
2 $108.9K$118K
+8.3%
3 $218.2K$185K
-15.2%
4 $341.4K$333.4K
-2.4%
5+ $486.4K$615K
+26.4%

Summary: Silver Springs housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.9%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 26.4%.

Median Sold Price Compared To Nearby Cities

Anthony
+47.2%
Fort Mc Coy
+20.6%
East Marion
+13.6%
Ocklawaha
+4.0%
Silver Springs
-19.5%

Housing Supply in Silver Springs, FL

How many homes are available in Silver Springs, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
4741-12.8%

Summary: The Silver Springs real estate market had 41 homes for sale in June 2024, a 12.8% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 32
-33.3%
2 108
-20.0%
3 2118
-14.3%
4 1111
0.0%
5+ 22
0.0%

Summary: The Silver Springs housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
124-66.7%

Asking Price vs. Sold Price

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Silver Springs in June 2024, down by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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

Jun 2023Jun 2024CHANGE
43 Days65 Days+48.6%

Summary: Homes in Silver Springs had an average of 65 days on market in Jun 2024, up by 48.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Silver Springs has remained consistent over time.

Summary: During June 2024, 4 homes were sold in Silver Springs; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in Silver Springs, FL

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