In March 2021, there were 35 homes sold, with a median sale price of $565,000 - a 16.9% increase over the $483,500 median sale price for the same period of the previous year. There were 60 homes sold in Silver Spring in March 2020.
The median sales tax in Silver Spring for the most recent year with available data, 2020, was $5,220, approximately 0.9% of the median home sale price for March 2021.
The following table compares Silver Spring to other Montgomery County cities with similar median sale prices in March 2021:
| City | Mar. 2021 Home Sales | Mar. 2020 Home Sales | % change (Total Home Sales) | Mar. 2021 Median Sales Price | Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Garrett Park | 3 | 2 | 50% | $740,000 | $745,000 | -0.7% |
| Takoma Park | 16 | 7 | 128.6% | $677,500 | $480,000 | 41.1% |
| Burtonsville | 4 | 6 | -33.3% | $622,500 | $357,450 | 74.2% |
| Forest Glen | 9 | 7 | 28.6% | $575,000 | $581,000 | -1% |
| Colesville | 18 | 22 | -18.2% | $574,000 | $462,500 | 24.1% |
| Silver Spring | 35 | 60 | -41.7% | $565,000 | $483,500 | 16.9% |
| Olney | 25 | 38 | -34.2% | $555,000 | $468,950 | 18.3% |
| Derwood | 8 | 19 | -57.9% | $550,000 | $520,000 | 5.8% |
| Kemp Mill | 14 | 7 | 100% | $537,500 | $440,000 | 22.2% |
| Cloverly | 3 | 11 | -72.7% | $509,000 | $465,000 | 9.5% |
| Friendship Village | 6 | 5 | 20% | $502,000 | $485,000 | 3.5% |
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