NC · Metro #150

Hickory - NC housing market

The Hickory metro has a typical home value of $271,739, up 2.3% from a year ago. Homes sell in 26 days on average - a balanced market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$271,739
+2.3% vs. year ago
Median sale price
$282,137
+8.6% YoY
Median list price
$344,350
Sale-to-list ratio
96.9%
Selling below ask
Days on market
26d
Listings w/ price cut
23.3%
New listings / mo
376
+2.2% YoY
Homes for sale
1,386
+4.8% YoY
Typical rent
$1,496/mo
+3.2% YoY
Context

How to read this data

The typical home value ($271,739) 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 2.3% over the past year. In Hickory - NC, that means a home worth $265,630 last year is now worth roughly $271,739.

The median sale price , what homes actually close for , is $282,137. Homes are selling at 96.9% 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 23.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 376 new listings hit the market each month in Hickory - NC. There are currently 1,386 homes for sale, up 4.8% from a year ago.

The typical monthly rent in Hickory - NC is $1,496, up 3.2% year over year. For investors, the price-to-rent ratio here is roughly 15x 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$390,321 -0.4% 20.0d
Raleigh - NC$438,364 -2.2% 16.0d
Greensboro - NC$266,370 +1.5% 16.0d
Winston - NC$283,871 +2.8% 14.0d
Durham - NC$414,340 -1.9% 14.0d
Fayetteville - NC$259,183 +0.6% 20.0d
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