Is Hickory, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hickory has remained a Seller's Market.
Housing Prices in Hickory, NC
How much do homes in Hickory, NC cost?
Median Sold Price
$283,328
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hickory was $283,328 in March 2024, up 11.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $155K | +6.9% |
2 Bedrooms | $175K | $179.9K | +2.8% |
3 Bedrooms | $245.8K | $283.3K | +15.2% |
4 Bedrooms | $404K | $432.2K | +7.0% |
5+ Bedrooms | $533K | $502.5K | -5.7% |
Summary: Hickory housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
Hickory Township | $241.9K | $282.3K | +16.7% |
Hickory | $253.1K | $283.3K | +11.9% |
Long View | $170K | $190K | +11.8% |
Clines Township | $274.6K | $295.1K | +7.5% |
Housing Supply in Hickory, NC
How many homes are available in Hickory, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
313 | 321 | +2.6% |
Summary: The Hickory real estate market had 321 homes for sale in March 2024, a 2.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 47 | 54 | +14.9% |
3 Bedrooms | 184 | 178 | -3.3% |
4 Bedrooms | 57 | 62 | +8.8% |
5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Hickory housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 14.9%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 63 | -10.0% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Hickory in March 2024, down by 10.0% month-over-month. Of the 63 sold homes, 56% were sold under asking, 21% were sold at asking, and 24% were sold over asking.
Days on Market for Hickory, NC
How long does it take to sell a home in Hickory, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 31 Days | -2.9% |
Summary: Homes in Hickory had an average of 31 days on market in Mar 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in Hickory; 76% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.