From January through March of 2017, there were 155 homes sold, with a median sale price of $469,342 - a 4.2% decrease over the $490,000 median sale price for the same period of the previous year. There were 105 homes sold in Silver Spring in the first quarter of 2016.
The median sales tax in Silver Spring for the most recent year with available data, 2016, was $5,050, approximately 1.1% of the median home sale price for the first quarter of 2017.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Garrett Park | 10 | 6 | 66.7% | $672,500 | $605,798 | 11% |
| South Kensington | 37 | 28 | 32.1% | $665,000 | $707,500 | -6% |
| Darnestown | 17 | 10 | 70% | $664,000 | $552,750 | 20.1% |
| Ashton-Sandy Spring | 15 | 21 | -28.6% | $525,000 | $618,000 | -15% |
| Olney | 101 | 72 | 40.3% | $475,000 | $454,775 | 4.4% |
| Silver Spring | 155 | 105 | 47.6% | $469,342 | $490,000 | -4.2% |
| Cloverly | 15 | 18 | -16.7% | $465,000 | $410,540 | 13.3% |
| Rockville | 134 | 98 | 36.7% | $460,000 | $482,500 | -4.7% |
| Brinklow | 1 | 0 | - | $449,400 | $0 | - |
| Derwood | 45 | 27 | 66.7% | $435,000 | $410,000 | 6.1% |
| Colesville | 57 | 56 | 1.8% | $433,500 | $377,000 | 15% |
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