From January through December of 2018, there were 615 homes sold, with a median sale price of $525,000 - a 7.3% increase over the $489,250 median sale price for the previous year. There were 638 homes sold in Silver Spring in 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 2018.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Garrett Park | 37 | 30 | 23.3% | $625,000 | $650,000 | -3.8% |
| Ashton-Sandy Spring | 81 | 66 | 22.7% | $585,000 | $560,000 | 4.5% |
| Takoma Park | 142 | 154 | -7.8% | $567,500 | $527,500 | 7.6% |
| Washington Grove | 7 | 5 | 40% | $545,000 | $400,000 | 36.3% |
| Rockville | 548 | 610 | -10.2% | $537,250 | $530,000 | 1.4% |
| Silver Spring | 615 | 638 | -3.6% | $525,000 | $489,250 | 7.3% |
| Olney | 413 | 442 | -6.6% | $490,000 | $487,000 | 0.6% |
| Forest Glen | 89 | 78 | 14.1% | $490,000 | $460,000 | 6.5% |
| Gaithersburg | 714 | 755 | -5.4% | $482,750 | $450,000 | 7.3% |
| Brinklow | 6 | 8 | -25% | $480,435 | $597,500 | -19.6% |
| Colesville | 242 | 292 | -17.1% | $468,000 | $447,250 | 4.6% |
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