Hickory, NC Real Estate & Homes for Sale

In September 2024, home prices in Hickory saw a significant increase, rising 11.9% year-over-year to a median of $335K. However, homes are taking longer to sell, with an average of 55 days on the market compared to just 35 days last year, indicating a potential cooling in buyer urgency. The number of homes sold also declined, with 47 sales this September, down from 60 the previous year. Meanwhile, the median sale price per square foot increased by 2.5% to $163, suggesting that while prices are climbing, the rate of increase in home value per square foot has slowed, possibly reflecting shifts in buyer preferences or inventory availability.

The Hickory housing market is moderately competitive, with homes typically selling in about 42 days. Some properties receive multiple offers, but on average, homes sell for around 2% below the list price and go pending within 42 days. However, "hot" homes—those in high demand—can sell for close to the list price and often go pending within just 29 days, reflecting the varying demand across different property types.

People are moving to Hickory from various areas, with 0.09% of homebuyers nationwide searching to relocate there from outside metropolitan regions. Among these, homebuyers from Charlotte showed the most interest in moving to Hickory, followed by those from Los Angeles and Washington, D.C. This suggests that Hickory is attracting attention not just from nearby regions but also from major metropolitan areas across the country, likely due to its affordability and desirable lifestyle compared to larger cities.