$2,601 Closing Credit*
$219,000
1,036 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Realty One
Is Silver Springs Shores, 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 Shores was a Seller's Market.
Key Takeaway
Silver Springs Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silver Springs Shores, FL
How much do homes in Silver Springs Shores, FL cost?
Median Sold Price
$250,000
$176/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Silver Springs Shores has remained the same since last year.
Summary: The median home sold price in Silver Springs Shores was $250,000 in November 2024, the same as last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $97.2K | -14.7% |
| 2 Bedrooms | $135K | $150K | +11.1% |
| 3 Bedrooms | $250K | $249.9K | 0% |
| 4 Bedrooms | $304.9K | $308.9K | +1.3% |
| 5+ Bedrooms | $369.9K | $352.7K | -4.7% |
Summary: Silver Springs Shores housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in Silver Springs Shores, FL
How many homes are available in Silver Springs Shores, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 523 | 528 | +1.0% |
Summary: The Silver Springs Shores real estate market had 528 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 50 | 46 | -8.0% |
| 3 Bedrooms | 372 | 380 | +2.2% |
| 4 Bedrooms | 87 | 85 | -2.3% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Silver Springs Shores housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 60 | -24.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Springs Shores, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Silver Springs Shores in November 2024, down by 24.1% month-over-month. Of the 60 sold homes, 40% were sold under asking, 38% were sold at asking, and 22% were sold over asking.
Days on Market for Silver Springs Shores, FL
How long does it take to sell a home in Silver Springs Shores, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 57 Days | +25.3% |
Summary: Homes in Silver Springs Shores had an average of 57 days on market in Nov 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Springs Shores are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 60 homes were sold in Silver Springs Shores; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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