Is Pikeville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pikeville was a Buyer'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, TN
How much do homes in Pikeville, TN cost?
Median Sold Price
$226,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pikeville have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Pikeville was $226,000 in March 2024, up 2.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139K | $230K | +65.5% |
| 2 Bedrooms | $165K | $169.9K | +3.0% |
| 3 Bedrooms | $239.5K | $226K | -5.6% |
| 4 Bedrooms | $258.2K | $308K | +19.3% |
| 5+ Bedrooms | $335K | $700K | +109.0% |
Summary: Pikeville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.5%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 109%.
Housing Supply in Pikeville, TN
How many homes are available in Pikeville, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Pikeville real estate market had 34 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Pikeville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pikeville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pikeville in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Pikeville, TN
How long does it take to sell a home in Pikeville, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 75 Days | +29.7% |
Summary: Homes in Pikeville had an average of 75 days on market in Mar 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pikeville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Pikeville; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.