In June 2017, there were 86 homes sold, with a median sale price of $497,500 - a 0.3% decrease over the $499,000 median sale price for the same period of the previous year. There were 65 homes sold in Silver Spring in June 2016.
The median sales tax in Silver Spring for the most recent year with available data, 2016, was $5,050, approximately 1% of the median home sale price for June 2017.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Garrett Park | 2 | 4 | -50% | $642,500 | $557,250 | 15.3% |
| Rockville | 52 | 61 | -14.8% | $595,500 | $570,000 | 4.5% |
| Takoma Park | 20 | 14 | 42.9% | $535,000 | $584,500 | -8.5% |
| Boyds | 1 | 5 | -80% | $532,000 | $370,000 | 43.8% |
| Derwood | 30 | 15 | 100% | $517,450 | $448,800 | 15.3% |
| Silver Spring | 86 | 65 | 32.3% | $497,500 | $499,000 | -0.3% |
| Forest Glen | 11 | 12 | -8.3% | $495,000 | $358,750 | 38% |
| Olney | 52 | 44 | 18.2% | $478,500 | $522,500 | -8.4% |
| Gaithersburg | 77 | 86 | -10.5% | $472,000 | $476,750 | -1% |
| Hillandale | 1 | 1 | 0% | $468,000 | $220,000 | 112.7% |
| Poolesville | 8 | 5 | 60% | $462,500 | $355,000 | 30.3% |
Alerts Sign-up