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 March 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

$375,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$35,000(+10.3%)

Key Takeaway

Homes in Pikesville have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Pikesville was $375,000 in March 2024, up 10.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $106K$90.2K
-14.9%
2 $231K$224K
-3.0%
3 $327K$344.9K
+5.5%
4 $380K$425K
+11.8%
5+ $687.5K$650K
-5.5%

Summary: Pikesville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Cities

Windsor Mill
+11.5%
Pikesville
+10.3%
Owings Mills
+8.1%
Gwynn Oak
+4.5%

Housing Supply in Pikesville, MD

How many homes are available in Pikesville, MD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
194197+1.5%

Summary: The Pikesville real estate market had 197 homes for sale in March 2024, a 1.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1110
-9.1%
2 4951
+4.1%
3 5253
+1.9%
4 4649
+6.5%
5+ 3634
-5.6%

Summary: The Pikesville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2928-3.4%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Pikesville in March 2024, down by 3.4% month-over-month. Of the 28 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% 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

Mar 2023Mar 2024CHANGE
39 Days44 Days+14.4%

Summary: Homes in Pikesville had an average of 44 days on market in Mar 2024, up by 14.4% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 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 March 2024, 28 homes were sold in Pikesville; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% 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 18 Days Ago

Newest Listings in Pikesville, MD

Nearby Markets to Pikesville, MD

What housing markets are near Pikesville, MD?