Is Pikesville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pikesville was a Seller's Market.
Key Takeaway
Pikesville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pikesville, MD
How much do homes in Pikesville, MD cost?
Median Sold Price
$371,237
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 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 $371,237 in April 2024, up 8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $90.2K | -15.7% |
| 2 Bedrooms | $235K | $218.5K | -7.0% |
| 3 Bedrooms | $325.5K | $340K | +4.5% |
| 4 Bedrooms | $376K | $425K | +13.0% |
| 5+ Bedrooms | $690K | $675K | -2.2% |
Summary: Pikesville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Windsor Mill | $283K | $315K | +11.3% |
| Pikesville | $343.8K | $371.2K | +8.0% |
| Gwynn Oak | $276.3K | $289.9K | +4.9% |
| Owings Mills | $340K | $351.5K | +3.4% |
Housing Supply in Pikesville, MD
How many homes are available in Pikesville, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 107 | 121 | +13.1% |
Summary: The Pikesville real estate market had 121 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 32 | 37 | +15.6% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 24 | 32 | +33.3% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Pikesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 19 | -38.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pikesville, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Pikesville in April 2024, down by 38.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +29.9% |
Summary: Homes in Pikesville had an average of 25 days on market in Apr 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 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 April 2024, 19 homes were sold in Pikesville; 63% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
