In June 2019, there were 71 homes sold, with a median sale price of $589,000 - a 8.9% increase over the $541,000 median sale price for the same period of the previous year. There were 67 homes sold in Silver Spring in June 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 June 2019.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in June 2019:
| City | June 2019 Home Sales | June 2018 Home Sales | % change (Total Home Sales) | June 2019 Median Sales Price | June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Potomac | 20 | 27 | -25.9% | $730,000 | $700,000 | 4.3% |
| Rossmoor | 1 | 1 | 0% | $727,335 | $715,000 | 1.7% |
| Brookeville | 6 | 5 | 20% | $685,000 | $635,000 | 7.9% |
| Takoma Park | 16 | 8 | 100% | $631,000 | $585,000 | 7.9% |
| Ashton-Sandy Spring | 14 | 13 | 7.7% | $630,000 | $609,000 | 3.4% |
| Silver Spring | 71 | 67 | 6% | $589,000 | $541,000 | 8.9% |
| Olney | 47 | 51 | -7.8% | $550,000 | $498,000 | 10.4% |
| North Kensington | 23 | 19 | 21.1% | $511,000 | $525,000 | -2.7% |
| Colesville | 33 | 20 | 65% | $505,000 | $427,000 | 18.3% |
| Derwood | 23 | 15 | 53.3% | $486,000 | $465,000 | 4.5% |
| Rockville | 55 | 70 | -21.4% | $480,000 | $537,750 | -10.7% |
Alerts Sign-up