$4,263 Closing Credit*
$359,000
1,348 SqFt
3 Beds
•2 Full Baths
Dee Tripp, Listing Office: ROBERT SLACK LLC
Is Silver Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Silver Springs was a Seller's Market.
Key Takeaway
Silver Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Silver Springs, FL
How much do homes in Silver Springs, FL cost?
Median Sold Price
$186,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+1.1%)
Key Takeaway
Homes in Silver Springs have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Silver Springs was $186,000 in November 2024, up 1.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $142.5K | +58.3% |
| 2 Bedrooms | $99.5K | $113K | +13.6% |
| 3 Bedrooms | $200K | $219K | +9.5% |
| 4 Bedrooms | $332.2K | $381.5K | +14.8% |
| 5+ Bedrooms | $750.6K | $620K | -17.4% |
Summary: Silver Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| East Marion | $148K | $180K | +21.6% |
| Fort Mc Coy | $168.5K | $201.5K | +19.6% |
| Ocklawaha | $238K | $243K | +2.1% |
| Silver Springs | $184K | $186K | +1.1% |
Housing Supply in Silver Springs, FL
How many homes are available in Silver Springs, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Summary: The Silver Springs real estate market had 42 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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.
Summary: A total of 6 homes were sold or pending in Silver Springs in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 51 Days | -6.6% |
Summary: Homes in Silver Springs had an average of 51 days on market in Nov 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Silver Springs; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.