Neighbourhood-level price varies with lot size, age of construction and how much of the housing stock includes a legal secondary suite, since suite income is what an investor is actually buying. Two houses at the same square footage can sit far apart in price once one has a permitted rental unit and the other does not.
Financing on an investment purchase adds a further layer: a lender generally requires 20 percent down on a non-owner-occupied property, so the entry cost is higher than the sale price alone suggests. Factor in a home inspection, typically $400 to $600, before treating any number as final.
The city figure is a starting reference point, not a Silverspring price. Get your hand-reviewed valuation from Joel Dyck.