$4,097 Closing Credit*
$345,000
2,108 SqFt
3 Beds
•2 Full Baths
#100480884, Listing Office: Berkshire Hathaway Home Services McMillen & Associates Realty
Is Pikeville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pikeville was a Seller's Market.
Key Takeaway
Pikeville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pikeville, NC
How much do homes in Pikeville, NC cost?
Median Sold Price
$296,995
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,005(+1.7%)
Key Takeaway
Homes in Pikeville have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Pikeville was $296,995 in November 2024, up 1.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169.9K | $158K | -7.0% |
| 3 Bedrooms | $280K | $280K | 0.0% |
| 4 Bedrooms | $315K | $324.4K | +3.0% |
| 5+ Bedrooms | $365K | - | N/A |
Summary: Pikeville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes did not change, 4 bedroom homes increased by 3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pikeville Township | $290.9K | $296.9K | +2.1% |
| Pikeville | $291.9K | $296.9K | +1.7% |
| Buck Swamp Township | $300K | $302.5K | +0.8% |
Housing Supply in Pikeville, NC
How many homes are available in Pikeville, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 68 | -17.1% |
Summary: The Pikeville real estate market had 68 homes for sale in November 2024, a 17.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 66 | 53 | -19.7% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pikeville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 19.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 7 | -68.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pikeville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pikeville in November 2024, down by 68.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 87 Days | +197.4% |
Summary: Homes in Pikeville had an average of 87 days on market in Nov 2024, up by 197.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pikeville has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Pikeville; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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