Sykesville, MD starts off slow for the January 2017, but is not expected to stick around for too much longer. While there are some idicators showing the slow, there are also positive indicators showing positive activity. Average Days on the Market, New Contracts, and New Listings are very positive.
Sykesville is a smaller suburb, located further out comparatively to surrounding Maryland Suburbs. This area is a hot spot for first time home buyers looking for a home with land which is often more affordably priced than other nearby areas. The drawback - commuting distance to Baltimore, Columbia, DC, etc.
The average sold price in January 2017 for a Sykesville, MD home was $350,500 which is stable for Market Trends in this area.
There are 101 active listings currently on the market, 63 of them are new. This is a 46% increase from Last year. With a smaller inventory, active buyers are looking at all their options, but are moving quickly on homes they love.
There are currently 29 new under contracts reported for January 2017, there are many families actively seeking out homes. The List Price to Sold Price ratio of 99.5% shows homes are priced well, not much fluctuation at all.
The lower numbers of homes are the market compared with other areas is the result of 2 factors. Sykesville is considerably smaller compared with Ellicott city, and once people move into this area they tend to stay. This leaves buyers with a smaller selection of homes to choose from, which gives sellers the opportunity to get asking price for their homes.
As this area grows in popularity, 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).
EPIK Home Group Keller Williams Realty Centre
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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!
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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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