From July through December of 2017, there were 279 homes sold, with a median sale price of $490,000 - a 1.8% decrease over the $499,000 median sale price for the same period of the previous year. There were 271 homes sold in Silver Spring in the second half of 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 the second half of 2017.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in the second half of 2017:
| City | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rockville | 314 | 264 | 18.9% | $548,500 | $550,000 | -0.3% |
| Takoma Park | 73 | 73 | 0% | $540,000 | $500,000 | 8% |
| Ashton-Sandy Spring | 29 | 30 | -3.3% | $527,500 | $592,000 | -10.9% |
| Washington Grove | 2 | 3 | -33.3% | $515,612 | $417,500 | 23.5% |
| Olney | 220 | 180 | 22.2% | $490,000 | $488,200 | 0.4% |
| Silver Spring | 279 | 271 | 3% | $490,000 | $499,000 | -1.8% |
| Forest Glen | 36 | 51 | -29.4% | $476,000 | $425,000 | 12% |
| Boyds | 5 | 7 | -28.6% | $470,000 | $495,000 | -5.1% |
| Derwood | 99 | 82 | 20.7% | $468,000 | $426,000 | 9.9% |
| Colesville | 140 | 123 | 13.8% | $466,250 | $427,900 | 9% |
| Clarksburg | 100 | 96 | 4.2% | $463,450 | $429,000 | 8% |
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