From October through December of 2018, there were 158 homes sold, with a median sale price of $492,500 - a 6.2% increase over the $463,750 median sale price for the same period of the previous year. There were 128 homes sold in Silver Spring in the fourth quarter of 2017.
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 fourth quarter of 2018.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Garrett Park | 8 | 3 | 166.7% | $602,739.50 | $748,000 | -19.4% |
| Rossmoor | 2 | 0 | - | $538,000 | $0 | - |
| Rockville | 124 | 142 | -12.7% | $512,500 | $496,000 | 3.3% |
| Hillandale | 7 | 3 | 133.3% | $500,000 | $428,900 | 16.6% |
| Olney | 92 | 82 | 12.2% | $496,500 | $484,995 | 2.4% |
| Silver Spring | 158 | 128 | 23.4% | $492,500 | $463,750 | 6.2% |
| Colesville | 56 | 50 | 12% | $480,500 | $443,000 | 8.5% |
| Derwood | 40 | 39 | 2.6% | $471,000 | $460,000 | 2.4% |
| Gaithersburg | 162 | 150 | 8% | $464,950 | $452,750 | 2.7% |
| Clarksburg | 32 | 36 | -11.1% | $450,500 | $415,000 | 8.6% |
| Ashton-Sandy Spring | 15 | 11 | 36.4% | $440,000 | $469,000 | -6.2% |
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