Is Sylmar, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sylmar has remained a Seller's Market.
Housing Prices in Sylmar, CA
How much do homes in Sylmar, CA cost?
Median Sold Price
$740,000
$477/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sylmar was $740,000 in May 2024, up 0.7% from last year, and the median price per square foot was $477.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $322.5K | N/A |
2 Bedrooms | $505K | $566.5K | +12.2% |
3 Bedrooms | $700K | $740K | +5.7% |
4 Bedrooms | $802.5K | $813.5K | +1.4% |
5+ Bedrooms | $985K | $956.2K | -2.9% |
Summary: Sylmar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Neighborhoods
Lake View Terrace | $757.5K | $899.9K | +18.8% |
The San Fernando Valley | $864.2K | $908.7K | +5.1% |
Pacoima | $650K | $680K | +4.6% |
Sylmar | $735K | $740K | +0.7% |
Housing Supply in Sylmar, CA
How many homes are available in Sylmar, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 126 | +22.3% |
Summary: The Sylmar real estate market had 126 homes for sale in May 2024, a 22.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 23 | 28 | +21.7% |
3 Bedrooms | 50 | 59 | +18.0% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Sylmar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 42 | +162.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Sylmar in May 2024, up by 162.5% month-over-month. Of the 42 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 23 Days | -31.9% |
Summary: Homes in Sylmar had an average of 23 days on market in May 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Sylmar; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.