Is Sykesville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sykesville has remained a Seller's Market.
Housing Prices in Sykesville, MD
How much do homes in Sykesville, MD cost?
Median Sold Price
$483,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sykesville was $483,000 in March 2024, up 1.2% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $270K | $275K | +1.9% |
3 Bedrooms | $435K | $420K | -3.4% |
4 Bedrooms | $575K | $620K | +7.8% |
5+ Bedrooms | $805K | $755K | -6.2% |
Summary: Sykesville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 6.2%.
Housing Supply in Sykesville, MD
How many homes are available in Sykesville, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 97 | +21.3% |
Summary: The Sykesville real estate market had 97 homes for sale in March 2024, a 21.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 12 | 21 | +75.0% |
Summary: The Sykesville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Sykesville in March 2024, up by 10.0% month-over-month. Of the 22 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for Sykesville, MD
How long does it take to sell a home in Sykesville, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 23 Days | +64.3% |
Summary: Homes in Sykesville had an average of 23 days on market in Mar 2024, up by 64.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Sykesville; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.