Is Pikesville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Pikesville was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $90.2K | -15.7% |
2 Bedrooms | $249K | $224K | -10.0% |
3 Bedrooms | $327K | $330K | +0.9% |
4 Bedrooms | $375K | $425K | +13.3% |
5+ Bedrooms | $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 | $283K | $312K | +10.2% |
Pikesville | $339.5K | $371.5K | +9.4% |
Owings Mills | $335K | $359.9K | +7.4% |
Gwynn Oak | $277.5K | $286K | +3.1% |
Housing Supply in Pikesville, MD
How many homes are available in Pikesville, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
192 | 189 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 45 | 47 | +4.4% |
3 Bedrooms | 52 | 51 | -1.9% |
4 Bedrooms | 50 | 45 | -10.0% |
5+ Bedrooms | 37 | 36 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 22 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 32 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
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.