Nestled in the vibrant heart of California, Sylmar in the 91342 zip code is a real estate hotspot that demands attention. In this blog post, we'll take a closer look at the real estate landscape of Sylmar for the month of January 2024, unraveling the key statistics and trends that define the housing market in this dynamic community.

Active Listings: Sylmar presents a diverse range of housing options with a total of 34 active listings as of January 2024. This abundance of available properties caters to the varied needs and preferences of potential homebuyers, showcasing the city's commitment to providing a spectrum of choices for its residents.

Median Listing Price: The median listing price in Sylmar stands at $859,500, reflecting a balanced mix of affordability and quality in the real estate market. This figure positions Sylmar as an attractive destination for individuals and families seeking homes in a thriving community, with the median price serving as a benchmark for the overall market valuation.

Price Per SqFt: At $527 per square foot, Sylmar offers an appealing price point for prospective buyers. This metric highlights the city's commitment to delivering value for money, as buyers can expect quality living spaces at a reasonable cost per square foot. The price per square foot is a crucial factor for those looking to maximize the value of their investment.

Homes Sold: January 2024 witnessed a robust real estate market in Sylmar, with a total of 23 homes successfully sold. This high number of transactions indicates a strong demand for housing in the community, showcasing the city's popularity among those looking to settle in a dynamic and thriving environment.

Average Time on Market (Days): Sylmar's real estate market is characterized by its efficiency, as the average time a property spends on the market is a mere 14 days. This swift turnaround time reflects the city's dynamic and responsive market, where buyers and sellers quickly come to mutually beneficial agreements.

Median Sold Price: The median sold price for homes in Sylmar reached $782,000 in January 2024. This figure encapsulates the average transaction value, showcasing the city's overall property value and the willingness of buyers to invest in the community. Sylmar's median sold price is a testament to the attractiveness of the city's real estate offerings.

 As we conclude our exploration of Sylmar's real estate dynamics in January 2024, it's clear that the city is a real estate gem with a diverse range of properties, competitive pricing, and a rapidly moving market. Whether you're a potential buyer or seller, Sylmar's 91342 zip code provides an exciting and rewarding environment for all involved in the real estate journey.