Is West Hickory / Westmont, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, West Hickory / Westmont was a Seller's Market.
Housing Prices in West Hickory / Westmont, NC
How much do homes in West Hickory / Westmont, NC cost?
Median Sold Price
$180,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in West Hickory / Westmont was $180,000 in March 2024, up 7.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $115K | +15.0% |
2 Bedrooms | $126.5K | $140K | +10.7% |
3 Bedrooms | $207.5K | $230K | +10.8% |
4 Bedrooms | $235K | $246K | +4.7% |
5+ Bedrooms | $775K | $270K | -65.2% |
Summary: West Hickory / Westmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 65.2%.
Median Sold Price Compared To Nearby Neighborhoods
Lake Hickory Area | $358.7K | $389.5K | +8.6% |
West Hickory / Westmont | $167K | $180K | +7.8% |
Oakwood / Hillcrest | $340K | $338K | -0.6% |
Housing Supply in West Hickory / Westmont, NC
How many homes are available in West Hickory / Westmont, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The West Hickory / Westmont real estate market had 13 homes for sale in March 2024, a 7.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The West Hickory / Westmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in West Hickory / Westmont in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Hickory / Westmont, NC
How long does it take to sell a home in West Hickory / Westmont, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 7 Days | -87.4% |
Summary: Homes in West Hickory / Westmont had an average of 7 days on market in Mar 2024, down by 87.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in West Hickory / Westmont; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.