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 April 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

$286,833

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$29,766(+11.6%)

Key Takeaway

Homes in Hickory have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Hickory was $286,833 in April 2024, up 11.6% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $127.5K$155K
+21.6%
2 $175K$181.6K
+3.8%
3 $250K$285.5K
+14.2%
4 $400K$443.7K
+10.9%
5+ $509K$560K
+10.0%

Summary: Hickory housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Hickory Township
+14.2%
Long View
+13.0%
Hickory
+11.6%
Clines Township
+9.4%

Housing Supply in Hickory, NC

How many homes are available in Hickory, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
313367+17.3%

Summary: The Hickory real estate market had 367 homes for sale in April 2024, a 17.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 5365
+22.6%
3 174201
+15.5%
4 5870
+20.7%
5+ 2729
+7.4%

Summary: The Hickory housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 7.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7075+7.1%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

17 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. 50.7% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Hickory in April 2024, up by 7.1% month-over-month. Of the 75 sold homes, 51% were sold under asking, 27% were sold at asking, and 23% 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

Apr 2023Apr 2024CHANGE
27 Days54 Days+99.3%

Summary: Homes in Hickory had an average of 54 days on market in Apr 2024, up by 99.3% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

16 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 April 2024, 75 homes were sold in Hickory; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% 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 6 Days Ago

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