The Sykesville, MD Real Estate Market Report for May 2017!

The Sykesville, MD Real Estate Market Report for May 2017!

The Sykesville, MD Real Estate Market Analysis shows a stable market for April in this lovely town outside of the Baltimore Metro Area. The Days on the Market is down, Median Sales are up, and inventory is down.

Sykesville is a small suburb in Carroll County, Maryland and is about 1/2 hour drive to the Baltimore area. This location is a hot spot for first time home buyers! It offers decent land which is more affordable than other areas.  The small drawback would be the commuting distance to Baltimore, Columbia, DC, etc.

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Let’s take a look at the major indicators for Real Estate health in Sykesville!

Indicator #1 – Home Prices

Our most recent analysis on Sykesville shows median home prices at $377,450. A 6% increase from this same time last year! Great growth in Sykesville as we head into Summer.

Indicator #2 – Active Listings

There are 106 active listings and 84 new listings on the market for May 2017. Which is a 32% and 17% decrease from last year, respectively. With a smaller inventory, active buyers are looking at all their options, but are moving quickly on homes they love. Most of the new current inventory are new listings, homes are moving fast!

 

 

Indicator #3 – Under Contract & Units Sold

There are 44 under contracts’ reported for May 2017. We’re seeing a lot of new families looking in this area for good schools and more relaxed lifestyle.

In addition – there were 64 units sold (went to settlement) this month.

Sykesville’s known as an excellent starting point for families. The List Price to Sold Price ratio of 97.5% homes are being priced well, with little to no fluctuation. You have a safe investment here!

Sykesville is a great place to call home!

While Sykesville is considerably smaller compared with Ellicott City, MD for example, a smaller inventory is normal for this area. Also a note to consider, once people move into this area they tend to stay. The Real Estate development in this area is growing. This allows sellers the opportunity to get asking price for their homes.

As this area grows, so will home prices! If you’ve been considering putting your home on the market, talk with one of our agents. We’ll help you set up a goal, time frame, and market it to get you top dollar.

Sykesville is located west of Baltimore in Carroll County, the quintessential small town of Maryland. This lovely spot has a quiet setting and four well-defined, beautiful seasons. Sykesville is home to affordable housing, outstanding education, abundant recreational opportunities, and plenty of shopping. It’s proximity to major commuting routes are favorable for those who work in the neighboring cities, but prefer a relaxed setting to call home.



What does that mean for people looking to invest in Carroll County Real Estate?  It means you want to use a local Realtor who knows the market REALLY well. Call a LOCAL Realtor to help you with your Carroll County Real Estate needs.

Click here to check out Sykesville MD Real Estate active listings right now! (Feel free to save this link, it updates as the Sykesville MD Real Estate market changes- you will always have the live market update).

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EPIK Home Group Keller Williams Realty Centre
443-418-7668 (Cell or text message)
443-766-1768 (Office)
EllieMcintire@MRIS.com

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Our experienced team here at EPIK Home Group loves telling you about the area with local neighborhoods updates and information.  Real Estate is local, so you deserve a local Realtor who not only knows the housing market, but knows Howard County/Catonsville, the amenities, the local events and resources that you will need. Consistently in the top 1% of Realtors in Howard County/Catonsville, EPIK Home Group is here to help you with all your Real Estate needs! 

Click here to see reviews of EPIK Home Group!

                _________________________________EPIK Kids in Action 

AS OF JANUARY 1ST 2016, EPIK Home Group of Keller Williams Realty Centre will be donating 2.5% of every commission check to EPIK Kids in Action Foundation.

 The more homes we sell, the more money we can donate to “EPIK Kids in Action“. Our goal for 2017 is to help 100 families buy a home in our area!

 

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