Is Pikeville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pikeville has remained a Seller's Market.
Key Takeaway
Pikeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pikeville, NC
How much do homes in Pikeville, NC cost?
Median Sold Price
$294,990
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pikeville have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Pikeville was $294,990 in April 2024, down 2.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $262K | $159.9K | -39.0% |
| 3 Bedrooms | $284.7K | $284.7K | 0% |
| 4 Bedrooms | $349.9K | $318K | -9.1% |
| 5+ Bedrooms | - | $365K | N/A |
Summary: Pikeville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39%, 3 bedroom homes did not change, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Buck Swamp Township | $299.9K | $300K | 0.0% |
| Pikeville Township | $299.9K | $294.9K | -1.6% |
| Pikeville | $302.2K | $294.9K | -2.4% |
Housing Supply in Pikeville, NC
How many homes are available in Pikeville, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 57 | +14.0% |
Summary: The Pikeville real estate market had 57 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 35 | 41 | +17.1% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pikeville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pikeville, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Pikeville in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 24% were sold under asking, 59% were sold at asking, and 18% were sold over asking.
Days on Market for Pikeville, NC
How long does it take to sell a home in Pikeville, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 85 Days | 67 Days | -21.4% |
Summary: Homes in Pikeville had an average of 67 days on market in Apr 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pikeville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Pikeville; 47% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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