SYKESVILLE HOUSING MARKET DATA

There was a decrease in total units sold in August, with 42 sold this month in Sykesville Real Estate versus 55 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 11% versus August 2024.

Versus last year, the total number of homes available this month is lower by 3 units or 4%. The total number of active inventory this August was 67 compared to 70 in August 2024. This month's total of 67 is lower than the previous month's total supply of available inventory of 90, a decrease of 26%.

Last August, the median sale price for Sykesville Homes was $515,000. This August, the median sale price was $591,948, an increase of 15% or $76,948 compared to last year. The current median sold price is 3% higher than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 1.6 months of supply available in Sykesville, compared to 1.5 in August 2024. That is an increase of 7% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 56 homes newly listed for sale in Sykesville compared to 83 in August 2024, a decrease of 33%. There were 57 current contracts pending sale this August compared to 62 a year ago. The number of current contracts is 8% lower than last August.

In August, the average sale price in Sykesville was 100.0% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 26, higher than the average last year, which was 11, an increase of 136%.





FOCUS ON: SYKESVILLE HOUSING MARKET			AUGUST 2025

Zip Code(s): 21784
Units Sold 42	Active Inventory 67	Median Sale Price $591,948	Days On Market 26

Down -11% Vs. Year Ago	Down -4% Vs. Year Ago	Up 15% Vs. Year Ago	Up 136% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 42 sold this month in Sykesville Real Estate versus 55 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 11% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 4%. The total number of active inventory this August was 67 compared to 70 in August 2024. This month's total of 67 is lower than the previous month's total supply of available inventory of 90, a decrease of 26%.
		Median Sale Price Last August, the median sale price for Sykesville Homes was $515,000. This August, the median sale price was $591,948, an increase of 15% or $76,948 compared to last year. The current median sold price is 3% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 56	Current Contracts 57	Sold Vs. List Price 100.0%	Months of Supply 1.6

Down -33% Vs. Year Ago	Down -8% Vs. Year Ago	Down -1.3% Vs. Year Ago	Up 7% Vs. Year Ago


		Months of Supply In August, there was 1.6 months of supply available in Sykesville, compared to 1.5 in August 2024. That is an increase of 7% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 56 homes newly listed for sale in Sykesville compared to 83 in August 2024, a decrease of 33%. There were 57 current contracts pending sale this August compared to 62 a year ago. The number of current contracts is 8% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Sykesville was 100.0% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 26, higher than the average last year, which was 11, an increase of 136%.


	Sykesville are defined as properties listed in zip code/s 21784.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.