Is Hickory, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hickory has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $149.9K | -0.1% |
2 Bedrooms | $175K | $179.9K | +2.8% |
3 Bedrooms | $250K | $285.6K | +14.3% |
4 Bedrooms | $410K | $460K | +12.2% |
5+ Bedrooms | $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 | $250K | $288K | +15.2% |
Long View | $172.5K | $195K | +13.0% |
Hickory | $259K | $289.3K | +11.7% |
Clines Township | $274.9K | $299.9K | +9.1% |
Housing Supply in Hickory, NC
How many homes are available in Hickory, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
354 | 374 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 62 | 70 | +12.9% |
3 Bedrooms | 193 | 193 | 0.0% |
4 Bedrooms | 69 | 81 | +17.4% |
5+ Bedrooms | 28 | 29 | +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 2024 | May 2024 | CHANGE |
---|---|---|
83 | 100 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 45 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
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.