Is Sykesville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$489,900
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sykesville was $489,900 in April 2024, up 4.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $270K | $275K | +1.9% |
3 Bedrooms | $410.5K | $425K | +3.5% |
4 Bedrooms | $581.2K | $620K | +6.7% |
5+ Bedrooms | $800K | $755K | -5.6% |
Summary: Sykesville 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 1.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Sykesville, MD
How many homes are available in Sykesville, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 95 | +25.0% |
Summary: The Sykesville real estate market had 95 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 26 | 41 | +57.7% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Sykesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 57.7%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Sykesville in April 2024, up by 4.2% month-over-month. Of the 25 sold homes, 16% were sold under asking, 24% were sold at asking, and 60% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 8 Days | -62.1% |
Summary: Homes in Sykesville had an average of 8 days on market in Apr 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Sykesville; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.