Is Sylmar, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sylmar was a Seller's Market.
Housing Prices in Sylmar, CA
How much do homes in Sylmar, CA cost?
Median Sold Price
$740,000
$468/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sylmar was $740,000 in April 2024, up 0.7% from last year, and the median price per square foot was $468.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $322.5K | N/A |
2 Bedrooms | $500K | $572.5K | +14.5% |
3 Bedrooms | $700K | $740K | +5.7% |
4 Bedrooms | $800K | $810.7K | +1.3% |
5+ Bedrooms | $912.5K | $982.5K | +7.7% |
Summary: Sylmar housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Neighborhoods
Lake View Terrace | $780K | $883K | +13.2% |
Pacoima | $650K | $675K | +3.8% |
The San Fernando Valley | $874.2K | $900.2K | +3.0% |
Sylmar | $735K | $740K | +0.7% |
Housing Supply in Sylmar, CA
How many homes are available in Sylmar, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 104 | +13.0% |
Summary: The Sylmar real estate market had 104 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 25 | 24 | -4.0% |
3 Bedrooms | 38 | 45 | +18.4% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Sylmar housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 16 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Sylmar in April 2024, down by 50.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% were sold over asking.
Days on Market for Sylmar, CA
How long does it take to sell a home in Sylmar, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 30 Days | -28.7% |
Summary: Homes in Sylmar had an average of 30 days on market in Apr 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Sylmar; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.