In August 2021, there were 79 homes sold, with a median sale price of $575,000. There were 47 homes sold in Silver Spring in August 2020, and the median sales price for the period was also $575,000.
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 August 2021.
The following table compares Silver Spring to other Montgomery County cities with similar median sale prices in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Colesville | 27 | 20 | 35% | $603,026 | $495,000 | 21.8% |
| Boyds | 1 | 1 | 0% | $586,000 | $489,900 | 19.6% |
| North Bethesda | 99 | 70 | 41.4% | $585,000 | $484,500 | 20.7% |
| Forest Glen | 14 | 10 | 40% | $582,500 | $517,500 | 12.6% |
| North Kensington | 18 | 16 | 12.5% | $582,000 | $454,000 | 28.2% |
| Silver Spring | 79 | 47 | 68.1% | $575,000 | $575,000 | 0% |
| Derwood | 33 | 14 | 135.7% | $570,000 | $566,000 | 0.7% |
| Olney | 47 | 42 | 11.9% | $550,000 | $472,450 | 16.4% |
| White Oak | 7 | 10 | -30% | $525,000 | $507,750 | 3.4% |
| Kemp Mill | 11 | 7 | 57.1% | $520,000 | $485,000 | 7.2% |
| Damascus | 31 | 20 | 55% | $500,000 | $421,550 | 18.6% |
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