Is Lake Hickory Area, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lake Hickory Area has remained a Seller's Market.
Key Takeaway
Lake Hickory Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Hickory Area, NC
How much do homes in Lake Hickory Area, NC cost?
Median Sold Price
$411,196
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Hickory Area have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Lake Hickory Area was $411,196 in May 2024, up 14.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $144.5K | +11.2% |
| 2 Bedrooms | $182.5K | $185K | +1.4% |
| 3 Bedrooms | $331K | $385K | +16.3% |
| 4 Bedrooms | $535K | $532K | -0.6% |
| 5+ Bedrooms | $691K | $630.3K | -8.8% |
Summary: Lake Hickory Area housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake Hickory Area | $360K | $411.1K | +14.2% |
| Lakeland Park | $272.5K | $205K | -24.8% |
Housing Supply in Lake Hickory Area, NC
How many homes are available in Lake Hickory Area, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 122 | 144 | +18.0% |
Summary: The Lake Hickory Area real estate market had 144 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 57 | 75 | +31.6% |
| 4 Bedrooms | 41 | 44 | +7.3% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Lake Hickory Area housing inventory by bedroom type for May 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 31.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 34 | +54.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Hickory Area, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Lake Hickory Area in May 2024, up by 54.5% month-over-month. Of the 34 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Lake Hickory Area, NC
How long does it take to sell a home in Lake Hickory Area, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 56 Days | +62.3% |
Summary: Homes in Lake Hickory Area had an average of 56 days on market in May 2024, up by 62.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Hickory Area are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Lake Hickory Area; 56% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.