From January through March of 2019, there were 103 homes sold, with a median sale price of $481,500 - a 5.2% decrease over the $508,000 median sale price for the same period of the previous year. There were 131 homes sold in Silver Spring in the first quarter of 2018.
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 first quarter of 2019.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in the first quarter of 2019:
| City | Jan. - Mar. 2019 Home Sales | Jan. - Mar. 2018 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2019 Median Sales Price | Jan. - Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Takoma Park | 25 | 35 | -28.6% | $605,000 | $530,500 | 14% |
| Brinklow | 1 | 3 | -66.7% | $600,000 | $310,870 | 93% |
| Ashton-Sandy Spring | 9 | 7 | 28.6% | $575,000 | $820,000 | -29.9% |
| Rockville | 102 | 105 | -2.9% | $530,000 | $513,000 | 3.3% |
| Rossmoor | 1 | 2 | -50% | $499,000 | $675,000 | -26.1% |
| Silver Spring | 103 | 131 | -21.4% | $481,500 | $508,000 | -5.2% |
| Olney | 88 | 62 | 41.9% | $481,000 | $462,500 | 4% |
| Cloverly | 16 | 21 | -23.8% | $466,935 | $438,000 | 6.6% |
| Boyds | 1 | 1 | 0% | $465,000 | $399,900 | 16.3% |
| Derwood | 36 | 39 | -7.7% | $456,300 | $395,000 | 15.5% |
| Forest Glen | 12 | 23 | -47.8% | $449,875 | $489,900 | -8.2% |
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