In May 2017, there were 68 homes sold, with a median sale price of $545,000 - a 10.5% increase over the $493,401 median sale price for the same period of the previous year. There were 87 homes sold in Silver Spring in May 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 May 2017.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| South Kensington | 14 | 13 | 7.7% | $732,500 | $747,000 | -1.9% |
| North Bethesda | 32 | 29 | 10.3% | $701,000 | $725,000 | -3.3% |
| Takoma Park | 15 | 17 | -11.8% | $620,000 | $510,000 | 21.6% |
| Garrett Park | 4 | 0 | - | $597,500 | $0 | - |
| Clarksburg | 19 | 21 | -9.5% | $550,000 | $467,500 | 17.6% |
| Silver Spring | 68 | 87 | -21.8% | $545,000 | $493,401 | 10.5% |
| Forest Glen | 4 | 13 | -69.2% | $539,500 | $375,000 | 43.9% |
| Brookeville | 1 | 4 | -75% | $535,000 | $577,800 | -7.4% |
| Ashton-Sandy Spring | 5 | 3 | 66.7% | $535,000 | $616,849 | -13.3% |
| Laytonsville | 3 | 7 | -57.1% | $530,000 | $487,000 | 8.8% |
| Olney | 40 | 55 | -27.3% | $515,000 | $405,000 | 27.2% |
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