Real estate prices in the State of Maryland vary from county to county and even within counties. Prices are influenced by the following factors:
PROXIMITY TO EMPLOYMENT
Many home buyers wish to buy home within 15-30 minutes of their job location. This may be possible. If this is your #1 priority for a home search, we'll show you everything for sale within that communing distance and you decide.
POPULAR SCHOOLS
School popularity varies from county to county and even within communities. If school ranking is your #1 priority for a home search, we'll provide you with the "SCHOOLS AT A GLANCE" book and you determine where you wish to search. Of course, school ranking affects home prices dramatically.
LOCATION OF RECREATION FACILITIES
Home buyers often wish to locate close to fitness centers, ice skating facilities, horse riding/boarding facilities, soccer, baseball, football team opportunities for children and more. We can help you locate the closest locations.
LARGE LOT/SMALL LOT
If you wish to buy a home in an urban area such as Silver Spring, within a reasonable commute of employment centers, you will have to expect to pay more for the homes on the larger lots. Land is one of the factors that drive our real estate prices.
- The median lot size in Silver Spring - approx. .21 acre.
- Median lot size outside the beltway - approx. .23 acre.
- Median lot size inside the beltway - approx. .17 acre.
- Homes priced at $200,000 to $300,000 - Median lot size .20 acre.
- Homes priced at $300,000 to $400,000 - Median lot size .25 acre.
- Homes priced at $400,000 to $500,000 - Median lot size .37 acre.
- Homes priced at $500,000 to $600,000 - Median lot size .42 acre.
- Homes priced at $600,000 and over - Median lot size .78 acre.
- There are new homes on 10 acre lots priced at $878,000 to $975,000.
Silver Spring Real Estate
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