$9,500 Closing Credit*
$800,000
1,368 SqFt
3 Beds
•2 Full Baths
Kaitlyn Dares, Listing Office: Home Saver Realty
Is Sylmar, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sylmar has remained a Seller's Market.
Key Takeaway
Sylmar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sylmar, CA
How much do homes in Sylmar, CA cost?
Median Sold Price
$760,000
$493/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+3.4%)
Key Takeaway
Homes in Sylmar have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Sylmar was $760,000 in November 2024, up 3.4% from last year, and the median price per square foot was $493.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $235K | -50.5% |
| 2 Bedrooms | $530K | $587.5K | +10.8% |
| 3 Bedrooms | $715.3K | $755K | +5.5% |
| 4 Bedrooms | $787.5K | $860K | +9.2% |
| 5+ Bedrooms | $1.0M | $935K | -8.8% |
Summary: Sylmar housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.5%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake View Terrace | $832.5K | $962K | +15.6% |
| Pacoima | $655K | $700K | +6.9% |
| The San Fernando Valley | $877K | $935.4K | +6.7% |
| Sylmar | $735K | $760K | +3.4% |
Housing Supply in Sylmar, CA
How many homes are available in Sylmar, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 105 | -15.3% |
Summary: The Sylmar real estate market had 105 homes for sale in November 2024, a 15.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 49 | 37 | -24.5% |
| 4 Bedrooms | 44 | 36 | -18.2% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Sylmar housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 24.5%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylmar, you could pay more than the asking price. 51.6% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Sylmar in November 2024, down by 8.8% month-over-month. Of the 31 sold homes, 26% were sold under asking, 23% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +79.0% |
Summary: Homes in Sylmar had an average of 30 days on market in Nov 2024, up by 79% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sylmar are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in Sylmar; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.