From January through December of 2021, there were 858 homes sold, with a median sale price of $560,000 - a 9.2% increase over the $513,000 median sale price for the previous year. There were 658 homes sold in Silver Spring in 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 2021.
The following table compares Silver Spring to other Montgomery County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Boyds | 12 | 9 | 33.3% | $633,103.50 | $480,000 | 31.9% |
| Hillandale | 17 | 12 | 41.7% | $606,000 | $470,000 | 28.9% |
| Colesville | 303 | 259 | 17% | $580,000 | $510,000 | 13.7% |
| Kemp Mill | 177 | 114 | 55.3% | $565,000 | $461,250 | 22.5% |
| Derwood | 270 | 196 | 37.8% | $560,000 | $522,250 | 7.2% |
| Silver Spring | 858 | 658 | 30.4% | $560,000 | $513,000 | 9.2% |
| Olney | 500 | 480 | 4.2% | $555,000 | $514,850 | 7.8% |
| Cloverly | 135 | 99 | 36.4% | $554,000 | $490,000 | 13.1% |
| Rockville | 832 | 634 | 31.2% | $540,000 | $507,500 | 6.4% |
| Clarksburg | 231 | 176 | 31.3% | $535,000 | $494,950 | 8.1% |
| Dickerson | 16 | 12 | 33.3% | $534,500 | $363,750 | 46.9% |
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