Is Pikeville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pikeville was a Seller's Market.
Housing Prices in Pikeville, TN
How much do homes in Pikeville, TN cost?
Median Sold Price
$215,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pikeville was $215,000 in May 2024, down 9.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $199.9K | +43.8% |
2 Bedrooms | $130K | $180K | +38.5% |
3 Bedrooms | $320K | $215K | -32.8% |
4 Bedrooms | $200K | $385K | +92.5% |
5+ Bedrooms | $203K | $785K | +286.7% |
Summary: Pikeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 32.8%, 4 bedroom homes increased by 92.5%, and 5+ bedroom homes increased by 286.7%.
Housing Supply in Pikeville, TN
How many homes are available in Pikeville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 53 | +12.8% |
Summary: The Pikeville real estate market had 53 homes for sale in May 2024, a 12.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 18 | 25 | +38.9% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Pikeville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 38.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Pikeville in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Pikeville, TN
How long does it take to sell a home in Pikeville, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
84 Days | 17 Days | -79.0% |
Summary: Homes in Pikeville had an average of 17 days on market in May 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Pikeville; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.