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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pikesville is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Pikesville has remained a Seller's Market.

Key Takeaway

Pikesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Pikesville, MD cost?

Median Sold Price

$321,666

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$11,666(+3.8%)

Key Takeaway

Homes in Pikesville have sold for 3.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $65K$106K
+63.1%
2 $172K$250K
+45.3%
3 $275K$291K
+5.8%
4 $330K$422.5K
+28.0%
5+ $650K$642.5K
-1.2%

Median Sold Price Compared To Nearby Cities

Windsor Mill
+8.1%
Owings Mills
+6.5%
Gwynn Oak
+5.6%
Pikesville
+3.8%

How many homes are available in Pikesville, MD?

Number of Homes For Sale

Jul 2022Aug 2022%
112146+30.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 47
+75.0%
2 2733
+22.2%
3 2838
+35.7%
4 2334
+47.8%
5+ 3034
+13.3%

Number of Homes Sold

Jul 2022Aug 2022%
243+2050.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

15 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. 46.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
16 Days14 Days-11.7%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Pikesville, MD

Pikesville, MD has 146 homes for sale to choose from. The inventory of homes for sale in Pikesville, MD between July 2022 and August 2022 increased by 30.4%. While the average time on the market in August 2022 was 14 days, the median list price was $321,666. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 63.1% more expensive, 2 bedrooms properties became 45.3% more expensive, prices of 3 bedrooms properties went up by 5.8%, prices of 4 bedrooms properties went up by 28%, prices of 5 bedrooms properties decreased by 1.2%. This housing market inventory have changed: number of 1 bedroom homes increased by 75%, 2 bedrooms homes became 22.2% more available, number of 3 bedrooms homes increased by 35.7%, the quantity of 4 bedrooms homes went up by 47.8%, 5 bedrooms homes inventory increased by 13.3%. Over 15 listings were sold over their listed price in August 2022 in Pikesville, MD. In the same period over 20 listings were sold below the listed price and 8 listings were sold for the listed price.

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