$2,849 Closing Credit*
$239,900
1,651 SqFt
4 Beds
•1 Full Bath, 1 Partial
#1902054, Anthony Banyard, Listing Office: Homes of Fortune Realty LLC
Is Silver Spring, WI 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 Spring was a Seller's Market.
Key Takeaway
Silver Spring is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silver Spring, WI
How much do homes in Silver Spring, WI cost?
Median Sold Price
$155,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,250(+28.4%)
Key Takeaway
Homes in Silver Spring have sold for 28.4% more than they did a year ago.
Summary: The median home sold price in Silver Spring was $155,000 in November 2024, up 28.4% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | $75K | 0.0% |
| 3 Bedrooms | $150K | $164.4K | +9.6% |
| 4 Bedrooms | $154.9K | $187.5K | +21.0% |
| 5+ Bedrooms | $248.5K | - | N/A |
Summary: Silver Spring housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 21%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Silver Spring | $120.7K | $155K | +28.4% |
| Northwest | $150.3K | $175.4K | +16.7% |
| Hampton Heights | $130K | $142.5K | +9.6% |
Housing Supply in Silver Spring, WI
How many homes are available in Silver Spring, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 45 | -8.2% |
Summary: The Silver Spring real estate market had 45 homes for sale in November 2024, a 8.2% decrease 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 | 28 | 25 | -10.7% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Spring 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 decreased by 10.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Spring, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Silver Spring in November 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Silver Spring, WI
We’re sorry, we don't have information for this market at the moment
