NC · Metro #150

Hickory - NC housing market

The Hickory metro has a typical home value of $268,648, up 2.0% from a year ago. Homes sell in 26 days on average - a balanced market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$268,648
+2.0% vs. year ago
Median sale price
$273,668
+5.0% YoY
Median list price
$339,633
Sale-to-list ratio
97.0%
Selling below ask
Days on market
26d
Listings w/ price cut
22.2%
New listings / mo
329
+1.9% YoY
Homes for sale
1,295
+4.9% YoY
Typical rent
$1,416/mo
+3.8% YoY
Context

How to read this data

The typical home value ($268,648) is the Zillow Home Value Index for the Hickory - NC metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.0% over the past year. In Hickory - NC, that means a home worth $263,380 last year is now worth roughly $268,648.

The median sale price , what homes actually close for , is $273,668. Homes are selling at 97.0% of list price, meaning buyers have room to negotiate.

Homes listed in Hickory - NC sit on the market for roughly 26 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 329 new listings hit the market each month in Hickory - NC. There are currently 1,295 homes for sale, up 4.9% from a year ago.

The typical monthly rent in Hickory - NC is $1,416, up 3.8% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in NC

MetroHome value1-yr changeDays on market
Charlotte - NC$388,846 -0.5% 23.0d
Raleigh - NC$438,344 -2.3% 20.0d
Greensboro - NC$264,302 +1.2% 21.0d
Winston - NC$281,131 +2.8% 19.0d
Durham - NC$411,727 -1.7% 17.0d
Fayetteville - NC$257,381 +0.6% 24.0d
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