$8,372 Closing Credit*
$705,000
983 SqFt
2 Beds
•1 Full Bath
Thomas Rini, Listing Office: Luxury Collective
Is Sylmar, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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 October 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 October 2024, up 3.4% from last year, and the median price per square foot was $493.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $235K | -50.5% |
| 2 Bedrooms | $515K | $587.5K | +14.1% |
| 3 Bedrooms | $732K | $750K | +2.5% |
| 4 Bedrooms | $800K | $860K | +7.5% |
| 5+ Bedrooms | $1.0M | $950K | -5.0% |
Summary: Sylmar housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.5%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake View Terrace | $827.5K | $959K | +15.9% |
| The San Fernando Valley | $870.2K | $937.5K | +7.7% |
| Pacoima | $650.5K | $700K | +7.6% |
| Sylmar | $735K | $760K | +3.4% |
Housing Supply in Sylmar, CA
How many homes are available in Sylmar, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 121 | -7.6% |
Summary: The Sylmar real estate market had 121 homes for sale in October 2024, a 7.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 14 | -33.3% |
| 3 Bedrooms | 47 | 48 | +2.1% |
| 4 Bedrooms | 44 | 44 | 0.0% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
Summary: The Sylmar housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylmar, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Sylmar in October 2024, up by 17.9% month-over-month. Of the 33 sold homes, 24% were sold under asking, 12% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 25 Days | -22.8% |
Summary: Homes in Sylmar had an average of 25 days on market in Oct 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 33 homes were sold in Sylmar; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% 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.