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 April 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
$399,666
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Hickory Area have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Lake Hickory Area was $399,666 in April 2024, up 12.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $144.5K | +11.2% |
| 2 Bedrooms | $184K | $185K | 0.5% |
| 3 Bedrooms | $312.5K | $379.2K | +21.4% |
| 4 Bedrooms | $540K | $524.9K | -2.8% |
| 5+ Bedrooms | $695K | $640K | -7.9% |
Summary: Lake Hickory Area housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in Lake Hickory Area, NC
How many homes are available in Lake Hickory Area, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 112 | 130 | +16.1% |
Summary: The Lake Hickory Area real estate market had 130 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 47 | 58 | +23.4% |
| 4 Bedrooms | 37 | 44 | +18.9% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Lake Hickory Area housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 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. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Lake Hickory Area in April 2024, down by 4.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 45 Days | +81.1% |
Summary: Homes in Lake Hickory Area had an average of 45 days on market in Apr 2024, up by 81.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 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 April 2024, 22 homes were sold in Lake Hickory Area; 50% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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