Is Pikeville, KY 41501 a buyer’s or seller’s market?

The Pikeville housing market right now

In the three months ending August 31, 2026, 4% of homes in Pikeville, KY 41501 sold above their list price, the typical home went under contract in 46 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 27 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold faster (59 days then) and the median sale price rose 36% to $312,165. Overall, Pikeville is about as competitive as it was a year ago.

Within Pike County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 77%. On our competition score, Pikeville ranks #147 of 160 KY ZIP codes with enough sales (score 12 out of 100).

Nearby, buyers who want less competition could look at Steele 41566 (0% sold over asking) or Ransom 41558 (0% sold over asking), while Kimper 41539 (25% sold over asking) and Virgie 41572 (20% sold over asking) are even more competitive.