In August 2019, there were 49 homes sold, with a median sale price of $580,000 - a 10.5% increase over the $525,000 median sale price for the same period of the previous year. There were 68 homes sold in Silver Spring in August 2018.
The median sales tax in Silver Spring for the most recent year with available data, 2016, was $5,050, approximately 0.9% of the median home sale price for August 2019.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Bethesda | 33 | 37 | -10.8% | $656,000 | $710,000 | -7.6% |
| Darnestown | 6 | 7 | -14.3% | $642,500 | $930,000 | -30.9% |
| Laytonsville | 5 | 1 | 400% | $625,700 | $560,000 | 11.7% |
| Garrett Park | 2 | 3 | -33.3% | $599,950 | $725,000 | -17.2% |
| Takoma Park | 17 | 14 | 21.4% | $591,000 | $547,500 | 7.9% |
| Silver Spring | 49 | 68 | -27.9% | $580,000 | $525,000 | 10.5% |
| Washington Grove | 1 | 0 | - | $560,000 | $0 | - |
| Clarksburg | 15 | 18 | -16.7% | $535,000 | $442,500 | 20.9% |
| Hillandale | 3 | 3 | 0% | $533,500 | $500,000 | 6.7% |
| Rockville | 74 | 55 | 34.5% | $529,500 | $542,000 | -2.3% |
| Olney | 38 | 45 | -15.6% | $527,500 | $504,950 | 4.5% |
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