Real Estate
[HIDDEN GEMS] Highest Appreciated Silver Spring Neighborhoods
Why location matters. Check out the Silver Spring neighborhoods with the highest annual appreciation! Is your neighborhood on the list?
With low inventory of homes in the DC Metro Area and high demand, home prices continue to rise and in some neighborhoods the home prices are exploding! Check out these hottest Silver Spring neighborhoods with the biggest year over year median sold price increase over the past year. If you are thinking about selling your home and live in one of these neighborhoods, there are a ton of buyers ready to purchase! When you sell your home with substantial appreciation, you may qualify to exclude up to $250,000 of that capital gain from your taxes. This total increases to $500,000 if you file a joint return with your spouse!
In the past two years, 5596 properties have sold in Silver Spring ranging from a 3-bed, 2-bath condo for $100,000 to a 6-bed, 4.5-bath detached for $1,500,000. Click here to sign up for my free monthly real estate market update to stay current on the latest real estate market trends in your neighborhood.
Hottest Silver Spring Neighborhoods by Appreciation
In the past two years, a total of 5596 homes sold in Silver Spring with a median sold price of $413,000 and median days on market of 13. These were the hottest Silver Spring neighborhoods, where the 2019 median home sale price increased over the 2018 median home sale price.
| Neighborhood: | McDonald Knolls |
| Type: | Detached |
| 2019 Sold Price: | $658,000 |
| 2018 Sold Price: | $437,000 |
| % Increase: | 51% |
| Neighborhood: | London Terrace |
| Type: | Condo |
| 2019 Sold Price: | $264,500 |
| 2018 Sold Price: | $175,000 |
| % Increase: | 51% |
| Neighborhood: | Wheaton Out Res. (1) |
| Type: | Detached |
| 2019 Sold Price: | $640,950 |
| 2018 Sold Price: | $453,000 |
| % Increase: | 41% |
| Neighborhood: | North Woodside |
| Type: | Detached |
| 2019 Sold Price: | $741,000 |
| 2018 Sold Price: | $566,000 |
| % Increase: | 31% |
| Neighborhood: | Capitol View Park |
| Type: | Detached |
| 2019 Sold Price: | $612,500 |
| 2018 Sold Price: | $475,000 |
| % Increase: | 29% |
| Neighborhood: | Rossmoor Mutual #12 |
| Type: | Townhome |
| 2019 Sold Price: | $269,900 |
| 2018 Sold Price: | $210,000 |
| % Increase: | 29% |
| Neighborhood: | Vantage Point West |
| Type: | Condo |
| 2019 Sold Price: | $295,000 |
| 2018 Sold Price: | $230,500 |
| % Increase: | 28% |
| Neighborhood: | Forest Glen Park |
| Type: | Detached |
| 2019 Sold Price: | $674,500 |
| 2018 Sold Price: | $536,000 |
| % Increase: | 26% |
| Neighborhood: | Drumeldra Hills |
| Type: | Detached |
| 2019 Sold Price: | $664,500 |
| 2018 Sold Price: | $527,500 |
| % Increase: | 26% |
| Neighborhood: | Quaint Acres |
| Type: | Detached |
| 2019 Sold Price: | $608,750 |
| 2018 Sold Price: | $483,000 |
| % Increase: | 26% |
| Neighborhood: | Woodside Hills |
| Type: | Detached |
| 2019 Sold Price: | $660,000 |
| 2018 Sold Price: | $530,000 |
| % Increase: | 25% |
| Neighborhood: | Creekside at Leisure World |
| Type: | Condo |
| 2019 Sold Price: | $370,000 |
| 2018 Sold Price: | $297,000 |
| % Increase: | 25% |
| Neighborhood: | Grand Bel |
| Type: | Condo |
| 2019 Sold Price: | $135,000 |
| 2018 Sold Price: | $108,000 |
| % Increase: | 25% |
| Neighborhood: | Woodside |
| Type: | Detached |
| 2019 Sold Price: | $704,225 |
| 2018 Sold Price: | $568,350 |
| % Increase: | 24% |
| Neighborhood: | Kimberly Place |
| Type: | Townhome |
| 2019 Sold Price: | $232,129 |
| 2018 Sold Price: | $187,000 |
| % Increase: | 24% |
| Neighborhood: | Westchester West |
| Type: | Condo |
| 2019 Sold Price: | $155,000 |
| 2018 Sold Price: | $125,000 |
| % Increase: | 24% |
| Neighborhood: | Fairland |
| Type: | Townhome |
| 2019 Sold Price: | $235,000 |
| 2018 Sold Price: | $191,000 |
| % Increase: | 23% |
| Neighborhood: | The Vineyards Codm |
| Type: | Condo |
| 2019 Sold Price: | $198,700 |
| 2018 Sold Price: | $163,000 |
| % Increase: | 22% |
| Neighborhood: | Layhill View |
| Type: | Detached |
| 2019 Sold Price: | $620,000 |
| 2018 Sold Price: | $518,350 |
| % Increase: | 20% |
| Neighborhood: | Hillandale Forest |
| Type: | Detached |
| 2019 Sold Price: | $472,000 |
| 2018 Sold Price: | $397,500 |
| % Increase: | 19% |
| Neighborhood: | Rossmoor Mutual #19 |
| Type: | Condo |
| 2019 Sold Price: | $163,250 |
| 2018 Sold Price: | $137,000 |
| % Increase: | 19% |
| Neighborhood: | Pineway Towers |
| Type: | Condo |
| 2019 Sold Price: | $148,800 |
| 2018 Sold Price: | $125,100 |
| % Increase: | 19% |
| Neighborhood: | Takoma Park |
| Type: | Detached |
| 2019 Sold Price: | $669,000 |
| 2018 Sold Price: | $566,500 |
| % Increase: | 18% |
| Neighborhood: | Fairland Estates |
| Type: | Detached |
| 2019 Sold Price: | $625,000 |
| 2018 Sold Price: | $528,750 |
| % Increase: | 18% |
| Neighborhood: | Rolling Acres |
| Type: | Detached |
| 2019 Sold Price: | $599,000 |
| 2018 Sold Price: | $510,000 |
| % Increase: | 17% |
Annual Appreciation for the DC Metro Area Cities
The DC Metro area remains one of the hottest real estate markets in the country with low inventory, low days on market and rising sales prices. The table below compares the median sales price for the for first 11 months of sales for 2018 against 2019 to show the appreciation for some of the most popular DC Metro neighborhoods. The Northern Virginia cities of Arlington and Falls Church both experienced tremendous year over year increases in the median sales price. In this hot real estate market, this presents an incredible opportunity to sell your home quickly for top dollar!
Find out what's happening in Silver Springfor free with the latest updates from Patch.
| City | 2019 Sold Price (MED) | 2018 Sold Price (MED) | % Change |
| Alexandria | $500,000 | $487,500 | 3% |
| Annandale | $555,500 | $534,900 | 4% |
| Annapolis | $431,750 | $425,000 | 2% |
| Arlington | $606,000 | $555,000 | 9% |
| Bethesda | $875,000 | $865,000 | 1% |
| Bowie | $350,000 | $339,900 | 3% |
| Centreville | $415,000 | $392,000 | 6% |
| Chantilly | $510,000 | $507,450 | 1% |
| Columbia | $337,000 | $335,000 | 1% |
| Fairfax | $540,000 | $534,667 | 1% |
| Falls Church | $578,005 | $535,000 | 8% |
| Gaithersburg | $420,000 | $415,000 | 1% |
| Herndon | $530,000 | $511,250 | 4% |
| McLean | $940,000 | $905,000 | 4% |
| Reston | $440,000 | $425,000 | 4% |
| Rockville | $460,000 | $470,000 | -2% |
| Silver Spring | $415,000 | $400,000 | 4% |
| Springfield | $510,000 | $475,000 | 7% |
| Vienna | $784,250 | $778,500 | 1% |
| Washington | $580,000 | $570,000 | 2% |
About Peggy Yee
Peggy Yee is a supervising broker at Frankly Realtors and is a local Top Producer. She has sold over $180 million in sales and was one of Northern Virginia Magazine's Top Realtors since 2015. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com. Peggy is 100% committed to making your move the best experience possible! Don't just take our word...Click here to see what Peggy's past clients have to say about the experience working with her from Buyer and Seller Video Testimonials and you'll understand why she is one of the top real estate agents in Silver Spring with dozens of 5 Star Zillow reviews. Click here for Zillow Reviews.
* Data Source: BrightMLS and SmartCharts. Information deemed reliable but not guaranteed.