Market Overview
Richmond's median sold price is $390K with homes averaging 31 days on market; Silver Spring is at $540K and 35 days (12-month settled sales in smover's records, through Aug 2026). Silver Spring is pricier ($540K median vs $390K), a difference of about $150K. Richmond moves faster, with homes averaging 31 days on market compared to 35 in Silver Spring. Richmond offers a lower entry point at $125K–$1.5M.
Richmond
VA
Silver Spring
MD
Median Sold Price
12 months through Aug 2026
$390K
$540K
Avg Days on Market
12 months through Aug 2026
31 days
35 days
Price Range
$125K–$1.5M
$175K–$1.5M
Notable Neighborhoods
The Fan, Carytown, Church Hill, Scott's Addition
Downtown Silver Spring, Woodside, East Silver Spring, Woodmoor
VA
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Frequently Asked Questions
Is Richmond or Silver Spring more affordable?
Richmond is more affordable with a median sold price of $390K, compared to $540K in Silver Spring (12-month settled sales in smover's records, through Aug 2026). Both cities offer a wide range of housing options, from condos and townhomes to single-family homes. Richmond prices range from $125K–$1.5M. Silver Spring prices range from $175K–$1.5M.
How do Richmond and Silver Spring compare?
Richmond is Virginia's capital and a city experiencing a major renaissance. Silver Spring is a diverse, transit-rich community just north of the D. The right choice depends on your priorities: budget, commute length, home types, and neighborhood feel. smover lets you compare agent profiles and available transaction records in either city.
Median sold prices and days on market are 12-month aggregates of settled sales in smover's records, through Aug 2026. School data from Virginia DOE, Maryland MSDE, and DC OSSE public reports. Property tax rates from Virginia Dept. of Taxation (2024). Walkability scores from Walk Score (2024). Crime data from FBI UCR and Virginia State Police (2023). Commute times are approximate rush-hour estimates. Updated September 2026.