$8,500
0.21 Acres
Land
#1899181, Deborah McCollum-Gathing, Listing Office: Redevelopment Authority City of MKE
Is Silver Spring, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Silver Spring was a Seller's Market.
Key Takeaway
Silver Spring 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 Spring, WI
How much do homes in Silver Spring, WI cost?
Median Sold Price
$155,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+26.5%)
Key Takeaway
Homes in Silver Spring have sold for 26.5% more than they did a year ago.
Summary: The median home sold price in Silver Spring was $155,000 in October 2024, up 26.5% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | $75K | 0.0% |
| 3 Bedrooms | $150K | $159.9K | +6.6% |
| 4 Bedrooms | $159.9K | $185K | +15.7% |
| 5+ Bedrooms | $250K | $247K | -1.2% |
Summary: Silver Spring housing prices by bedroom type for October 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 6.6%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Silver Spring | $122.5K | $155K | +26.5% |
| Northwest | $151.1K | $174.9K | +15.8% |
| Hampton Heights | $137K | $134.7K | -1.6% |
Housing Supply in Silver Spring, WI
How many homes are available in Silver Spring, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Summary: The Silver Spring real estate market had 51 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 29 | +20.8% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Silver Spring housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20.8%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Spring, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Silver Spring in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% 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
