Is Lake Hickory Area, 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, Lake Hickory Area has remained a Seller's Market.
Housing Prices in Lake Hickory Area, NC
How much do homes in Lake Hickory Area, NC cost?
Median Sold Price
$411,196
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Hickory Area was $411,196 in May 2024, up 14.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $144.5K | +11.2% |
2 Bedrooms | $182.5K | $185K | +1.4% |
3 Bedrooms | $331K | $385K | +16.3% |
4 Bedrooms | $535K | $532K | -0.6% |
5+ Bedrooms | $691K | $630.3K | -8.8% |
Summary: Lake Hickory Area housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
Lake Hickory Area | $360K | $411.1K | +14.2% |
Lakeland Park | $272.5K | $205K | -24.8% |
Housing Supply in Lake Hickory Area, NC
How many homes are available in Lake Hickory Area, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 144 | +18.0% |
Summary: The Lake Hickory Area real estate market had 144 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 57 | 75 | +31.6% |
4 Bedrooms | 41 | 44 | +7.3% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Lake Hickory Area housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 34 | +54.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Lake Hickory Area in May 2024, up by 54.5% month-over-month. Of the 34 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Lake Hickory Area, NC
How long does it take to sell a home in Lake Hickory Area, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 56 Days | +62.3% |
Summary: Homes in Lake Hickory Area had an average of 56 days on market in May 2024, up by 62.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Lake Hickory Area; 56% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.