The median sale price of a home sold in September 2020 in Silver Spring fell by $31,500 while total sales decreased by 18.6%, according to BlockShopper.com.
In September 2020, there were 35 homes sold, with a median sale price of $552,500 - a 5.4% decrease over the $584,000 median sale price for the same period of the previous year. There were 43 homes sold in Silver Spring in September 2019.
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 September 2020.
The following table compares Silver Spring to other Montgomery County cities with similar median sales prices in September 2020:
| City | Sept. 2020 Home Sales | Sept. 2019 Home Sales | % change (Total Home Sales) | Sept. 2020 Median Sales Price | Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hillandale | 1 | 2 | -50% | $610,000 | $440,000 | 38.6% |
| Poolesville | 12 | 4 | 200% | $610,000 | $575,000 | 6.1% |
| Rockville | 38 | 41 | -7.3% | $592,500 | $600,000 | -1.3% |
| North Kensington | 21 | 18 | 16.7% | $585,000 | $430,000 | 36% |
| Olney | 32 | 34 | -5.9% | $567,500 | $525,000 | 8.1% |
| Silver Spring | 35 | 43 | -18.6% | $552,500 | $584,000 | -5.4% |
| Forest Glen | 7 | 6 | 16.7% | $540,000 | $584,950 | -7.7% |
| Colesville | 17 | 23 | -26.1% | $535,000 | $435,000 | 23% |
| Cloverly | 12 | 11 | 9.1% | $520,000 | $415,000 | 25.3% |
| Derwood | 11 | 13 | -15.4% | $500,000 | $465,000 | 7.5% |
| Aspen Hill | 36 | 30 | 20% | $496,500 | $464,500 | 6.9% |
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