Is Pikesville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Pikesville, MD
How much do homes in Pikesville, MD cost?
Median Sold Price
$378,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Pikesville have sold for 8% more than they did a year ago.
Summary: The median home sold price in Pikesville was $378,000 in June 2024, up 8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $91K | -15.0% |
| 2 Bedrooms | $231K | $235K | +1.7% |
| 3 Bedrooms | $326K | $342.4K | +5.0% |
| 4 Bedrooms | $380K | $435K | +14.5% |
| 5+ Bedrooms | $683K | $700K | +2.5% |
Summary: Pikesville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Windsor Mill | $285K | $325K | +14.0% |
| Pikesville | $350K | $378K | +8.0% |
| Owings Mills | $340K | $363.8K | +7.0% |
| Gwynn Oak | $275.6K | $290.3K | +5.3% |
Housing Supply in Pikesville, MD
How many homes are available in Pikesville, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 146 | 152 | +4.1% |
Summary: The Pikesville real estate market had 152 homes for sale in June 2024, a 4.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 39 | 44 | +12.8% |
| 3 Bedrooms | 37 | 30 | -18.9% |
| 4 Bedrooms | 42 | 45 | +7.1% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Pikesville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pikesville, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Pikesville in June 2024, up by 9.7% month-over-month. Of the 34 sold homes, 53% were sold under asking, 15% were sold at asking, and 32% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 13 Days | 25 Days | +90.8% |
Summary: Homes in Pikesville had an average of 25 days on market in Jun 2024, up by 90.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pikesville are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 34 homes were sold in Pikesville; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
