In October 2018, there were 59 homes sold, with a median sale price of $490,000. There were 45 homes sold in Silver Spring in October 2017, and the median sales price for the period was also $490,000.
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 October 2018.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in October 2018:
| City | Oct. 2018 Home Sales | Oct. 2017 Home Sales | % change (Total Home Sales) | Oct. 2018 Median Sales Price | Oct. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Olney | 27 | 34 | -20.6% | $540,000 | $500,000 | 8% |
| Rossmoor | 2 | 0 | - | $538,000 | $0 | - |
| Garrett Park | 1 | 2 | -50% | $525,000 | $1,071,500 | -51% |
| Ashton-Sandy Spring | 8 | 5 | 60% | $507,500 | $792,500 | -36% |
| Derwood | 22 | 16 | 37.5% | $502,250 | $482,500 | 4.1% |
| Silver Spring | 59 | 45 | 31.1% | $490,000 | $490,000 | 0% |
| Gaithersburg | 63 | 57 | 10.5% | $480,000 | $457,500 | 4.9% |
| Colesville | 16 | 18 | -11.1% | $477,500 | $435,500 | 9.6% |
| Cloverly | 8 | 10 | -20% | $469,200 | $422,500 | 11.1% |
| Rockville | 49 | 60 | -18.3% | $465,000 | $478,750 | -2.9% |
| Kemp Mill | 20 | 14 | 42.9% | $446,500 | $417,250 | 7% |
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