In February 2022, there were 37 homes sold, with a median sale price of $465,000 - a 11.4% decrease over the $525,000 median sale price for the same period of the previous year. There were 61 homes sold in Silver Spring in February 2021.
The median sales tax in Silver Spring for the most recent year with available data, 2020, was $5,220, approximately 1.1% of the median home sale price for February 2022.
The following table compares Silver Spring to other Montgomery County cities with similar median sale prices in February 2022:
| City | Feb. 2022 Home Sales | Feb. 2021 Home Sales | % change (Total Home Sales) | Feb. 2022 Median Sales Price | Feb. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ashton-Sandy Spring | 2 | 6 | -66.7% | $521,500 | $552,500 | -5.6% |
| North Kensington | 7 | 14 | -50% | $510,000 | $507,000 | 0.6% |
| Kemp Mill | 8 | 8 | 0% | $485,500 | $575,000 | -15.6% |
| Rockville | 45 | 50 | -10% | $485,000 | $472,500 | 2.6% |
| Forest Glen | 7 | 8 | -12.5% | $470,000 | $462,500 | 1.6% |
| Silver Spring | 37 | 61 | -39.3% | $465,000 | $525,000 | -11.4% |
| Wheaton-Glenmont | 44 | 35 | 25.7% | $460,750 | $407,000 | 13.2% |
| Olney | 21 | 40 | -47.5% | $460,000 | $567,450 | -18.9% |
| Aspen Hill | 35 | 47 | -25.5% | $443,000 | $476,000 | -6.9% |
| Burtonsville | 5 | 9 | -44.4% | $425,000 | $371,000 | 14.6% |
| Washington Grove | 1 | 0 | - | $415,000 | $0 | - |
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