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 May 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

$289,320

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,320(+11.7%)

Key Takeaway

Homes in Hickory have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Hickory was $289,320 in May 2024, up 11.7% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $150K$149.9K
-0.1%
2 $175K$179.9K
+2.8%
3 $250K$285.6K
+14.3%
4 $410K$460K
+12.2%
5+ $500K$560K
+12.0%

Summary: Hickory housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 12%.

Median Sold Price Compared To Nearby Cities

Hickory Township
+15.2%
Long View
+13.0%
Hickory
+11.7%
Clines Township
+9.1%

Housing Supply in Hickory, NC

How many homes are available in Hickory, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
354374+5.6%

Summary: The Hickory real estate market had 374 homes for sale in May 2024, a 5.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 6270
+12.9%
3 193193
0.0%
4 6981
+17.4%
5+ 2829
+3.6%

Summary: The Hickory housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 3.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
83100+20.5%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

31 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. 47% of homes here sold below asking price last month.

Summary: A total of 100 homes were sold or pending in Hickory in May 2024, up by 20.5% month-over-month. Of the 100 sold homes, 47% were sold under asking, 22% were sold at asking, and 31% 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

May 2023May 2024CHANGE
34 Days45 Days+33.7%

Summary: Homes in Hickory had an average of 45 days on market in May 2024, up by 33.7% compared to last year.

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

14 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 May 2024, 100 homes were sold in Hickory; 68% of homes were sold within 30 days, 18% 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 1 Day Ago

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