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 February 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

$282,800

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$32,742(+13.1%)

Key Takeaway

Homes in Hickory have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Hickory was $282,800 in February 2024, up 13.1% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $113K$160K
+41.6%
2 $175K$177.2K
+1.3%
3 $244.3K$282.7K
+15.7%
4 $410K$430K
+4.9%
5+ $499.7K$518K
+3.7%

Summary: Hickory housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Long View
+18.2%
Hickory Township
+17.0%
Hickory
+13.1%
Clines Township
+8.6%

Housing Supply in Hickory, NC

How many homes are available in Hickory, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
277314+13.4%

Summary: The Hickory real estate market had 314 homes for sale in February 2024, a 13.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 4646
0.0%
3 163184
+12.9%
4 4758
+23.4%
5+ 1924
+26.3%

Summary: The Hickory housing inventory by bedroom type for February 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 12.9%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 26.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5760+5.3%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in Hickory in February 2024, up by 5.3% month-over-month. Of the 60 sold homes, 67% were sold under asking, 12% were sold at asking, and 22% 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

Feb 2023Feb 2024CHANGE
32 Days60 Days+85.1%

Summary: Homes in Hickory had an average of 60 days on market in Feb 2024, up by 85.1% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

12 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 February 2024, 60 homes were sold in Hickory; 42% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 20% 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 4 Days Ago

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