Is Hickory, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hickory is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Hickory has remained a Seller's Market.

Key Takeaway

Hickory is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$30,220(+11.9%)

Key Takeaway

Homes in Hickory have sold for 11.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $145K$155K
+6.9%
2 $175K$179.9K
+2.8%
3 $245.8K$283.3K
+15.2%
4 $404K$432.2K
+7.0%
5+ $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
+16.7%
Hickory
+11.9%
Long View
+11.8%
Clines Township
+7.5%

Housing Supply in Hickory, NC

How many homes are available in Hickory, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
313321+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

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 4754
+14.9%
3 184178
-3.3%
4 5762
+8.8%
5+ 2326
+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 2024Mar 2024CHANGE
7063-10.0%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hickory, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
32 Days31 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hickory are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Hickory, NC

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