From July through September of 2021, there were 229 homes sold, with a median sale price of $560,000 - a 5.3% increase over the $532,000 median sale price for the same period of the previous year. There were 139 homes sold in Silver Spring in the third quarter of 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 the third quarter of 2021.
The following table compares Silver Spring to other Montgomery County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Colesville | 82 | 62 | 32.3% | $614,000 | $528,500 | 16.2% |
| Derwood | 82 | 44 | 86.4% | $579,000 | $524,750 | 10.3% |
| Kemp Mill | 40 | 22 | 81.8% | $572,500 | $484,950 | 18.1% |
| Cloverly | 41 | 26 | 57.7% | $570,000 | $503,000 | 13.3% |
| Rockville | 212 | 130 | 63.1% | $565,000 | $512,500 | 10.2% |
| Silver Spring | 229 | 139 | 64.7% | $560,000 | $532,000 | 5.3% |
| Clarksburg | 72 | 55 | 30.9% | $553,000 | $528,000 | 4.7% |
| White Oak | 54 | 48 | 12.5% | $539,500 | $496,000 | 8.8% |
| North Kensington | 65 | 48 | 35.4% | $530,000 | $509,250 | 4.1% |
| Forest Glen | 42 | 23 | 82.6% | $525,000 | $540,000 | -2.8% |
| Burtonsville | 45 | 14 | 221.4% | $510,000 | $388,350 | 31.3% |
Alerts Sign-up