Is Hillsboro Beach, FL 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, Hillsboro Beach has remained a Buyer's Market.
Housing Prices in Hillsboro Beach, FL
How much do homes in Hillsboro Beach, FL cost?
Median Sold Price
$530,000
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hillsboro Beach was $530,000 in May 2024, down 23.1% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | $332.5K | +13.7% |
2 Bedrooms | $689.3K | $520K | -24.6% |
3 Bedrooms | $1.1M | $1.6M | +44.7% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Hillsboro Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes decreased by 24.6%, 3 bedroom homes increased by 44.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Deerfield Beach | $307K | $325.2K | +5.9% |
Lighthouse Point | $700K | $710K | +1.4% |
Hillsboro Beach | $689.3K | $530K | -23.1% |
Housing Supply in Hillsboro Beach, FL
How many homes are available in Hillsboro Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 36 | 0.0% |
Summary: The Hillsboro Beach real estate market had 36 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 28 | 27 | -3.6% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hillsboro Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Hillsboro Beach in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Hillsboro Beach, FL
How long does it take to sell a home in Hillsboro Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 14 Days | -60.5% |
Summary: Homes in Hillsboro Beach had an average of 14 days on market in May 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Hillsboro Beach; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.