In July 2017, there were 41 homes sold, with a median sale price of $575,000 - a 9.9% increase over the $523,000 median sale price for the same period of the previous year. There were 73 homes sold in Silver Spring in July 2016.
The median sales tax in Silver Spring for the most recent year with available data, 2016, was $5,050, approximately 0.9% of the median home sale price for July 2017.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in July 2017:
| City | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| South Kensington | 16 | 19 | -15.8% | $670,000 | $750,000 | -10.7% |
| Takoma Park | 12 | 28 | -57.1% | $655,500 | $485,000 | 35.2% |
| Garrett Park | 1 | 3 | -66.7% | $625,000 | $612,530 | 2% |
| Olney | 35 | 49 | -28.6% | $610,000 | $500,000 | 22% |
| Rockville | 52 | 74 | -29.7% | $582,500 | $541,500 | 7.6% |
| Silver Spring | 41 | 73 | -43.8% | $575,000 | $523,000 | 9.9% |
| Laytonsville | 2 | 6 | -66.7% | $562,500 | $654,999.50 | -14.1% |
| Derwood | 15 | 29 | -48.3% | $542,000 | $428,000 | 26.6% |
| Ashton-Sandy Spring | 7 | 14 | -50% | $527,500 | $653,750 | -19.3% |
| Brinklow | 1 | 1 | 0% | $520,000 | $949,000 | -45.2% |
| Washington Grove | 1 | 1 | 0% | $486,224 | $592,500 | -17.9% |
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