Is Hillsborough, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hillsborough has remained a Seller's Market.
Key Takeaway
Hillsborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsborough, CA
How much do homes in Hillsborough, CA cost?
Median Sold Price
$4,800,000
$1,359/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hillsborough have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in Hillsborough was $4,800,000 in March 2024, down 17.4% from last year, and the median price per square foot was $1,359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $4.0M | $3.8M | -4.4% |
| 4 Bedrooms | $4.8M | $4.7M | -2.0% |
| 5+ Bedrooms | $6.5M | $5.6M | -13.1% |
Summary: Hillsborough housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Cities
| San Mateo | $1.4M | $1.5M | 0.2% |
| Burlingame | $2.6M | $2.4M | -7.7% |
| Hillsborough | $5.8M | $4.8M | -17.4% |
Housing Supply in Hillsborough, CA
How many homes are available in Hillsborough, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The Hillsborough real estate market had 39 homes for sale in March 2024, a 11.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 23 | 30 | +30.4% |
Summary: The Hillsborough housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 30.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Hillsborough in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Hillsborough, CA
How long does it take to sell a home in Hillsborough, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 6 Days | -77.0% |
Summary: Homes in Hillsborough had an average of 6 days on market in Mar 2024, down by 77% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Hillsborough; 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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.