Do I have to pay Capital Gains Tax

[Daniel Wirth]

Hello all,

I closed on my house in Taos NM in June 2021. Purchase price: $165,000.

The market has doubled in the time since closing and two of my neighboring houses (Exact same houses) have just sold for $340,000. I am considering selling in order to take my money and invest in other properties. I currently do not own any other houses and this one is my primary residence.

Now to my question, would I have to pay capital gains tax when selling the house?

All the information online is a little confusing.

Thank you,

Daniel.