Is Pikesville, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pikesville is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Pikesville was a Seller's Market.

Key Takeaway

Pikesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pikesville, MD

How much do homes in Pikesville, MD cost?

Median Sold Price

$371,523

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$32,023(+9.4%)

Key Takeaway

Homes in Pikesville have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Pikesville was $371,523 in February 2024, up 9.4% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $107K$90.2K
-15.7%
2 $249K$224K
-10.0%
3 $327K$330K
+0.9%
4 $375K$425K
+13.3%
5+ $659.9K$652.5K
-1.1%

Summary: Pikesville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Cities

Windsor Mill
+10.2%
Pikesville
+9.4%
Owings Mills
+7.4%
Gwynn Oak
+3.1%

Housing Supply in Pikesville, MD

How many homes are available in Pikesville, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
192189-1.6%

Summary: The Pikesville real estate market had 189 homes for sale in February 2024, a 1.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 810
+25.0%
2 4547
+4.4%
3 5251
-1.9%
4 5045
-10.0%
5+ 3736
-2.7%

Summary: The Pikesville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 2.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2322-4.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pikesville, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Pikesville in February 2024, down by 4.3% month-over-month. Of the 22 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% were sold over asking.

Days on Market for Pikesville, MD

How long does it take to sell a home in Pikesville, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
46 Days32 Days-30.9%

Summary: Homes in Pikesville had an average of 32 days on market in Feb 2024, down by 30.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pikesville are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 22 homes were sold in Pikesville; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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