Is Silver Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Silver Springs has remained a Seller's Market.
Housing Prices in Silver Springs, FL
How much do homes in Silver Springs, FL cost?
Median Sold Price
$169,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Silver Springs was $169,000 in May 2024, down 23.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.9K | $130K | +52.9% |
2 Bedrooms | $121.4K | $115.5K | -4.9% |
3 Bedrooms | $223.9K | $179.7K | -19.7% |
4 Bedrooms | $340K | $333.4K | -1.9% |
5+ Bedrooms | $486.4K | $620K | +27.5% |
Summary: Silver Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.9%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 19.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Cities
Anthony | $250K | $390K | +56.0% |
Fort Mc Coy | $168K | $185K | +10.1% |
Ocklawaha | $240K | $239.9K | 0% |
East Marion | $175K | $165K | -5.7% |
Silver Springs | $220K | $169K | -23.2% |
Housing Supply in Silver Springs, FL
How many homes are available in Silver Springs, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 50 | -19.4% |
Summary: The Silver Springs real estate market had 50 homes for sale in May 2024, a 19.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 28 | 21 | -25.0% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Silver Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 11 | -31.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Silver Springs in May 2024, down by 31.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
68 Days | 43 Days | -37.4% |
Summary: Homes in Silver Springs had an average of 43 days on market in May 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Silver Springs; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.