Is Hickory, 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, 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
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
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $155K | +21.6% |
| 2 Bedrooms | $175K | $181.6K | +3.8% |
| 3 Bedrooms | $250K | $285.5K | +14.2% |
| 4 Bedrooms | $400K | $443.7K | +10.9% |
| 5+ Bedrooms | $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 | $249.6K | $285K | +14.2% |
| Long View | $172.5K | $195K | +13.0% |
| Hickory | $257K | $286.8K | +11.6% |
| Clines Township | $274.3K | $300K | +9.4% |
Housing Supply in Hickory, NC
How many homes are available in Hickory, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 313 | 367 | +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
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 53 | 65 | +22.6% |
| 3 Bedrooms | 174 | 201 | +15.5% |
| 4 Bedrooms | 58 | 70 | +20.7% |
| 5+ Bedrooms | 27 | 29 | +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 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 75 | +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
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 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 54 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
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.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.