Is Hillsborough, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsborough is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Hillsborough was a Seller's Market.

Key Takeaway

Hillsborough is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Hillsborough, CA cost?

Median Sold Price

$5,797,500

$1,471/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$797,500(+16.0%)

Key Takeaway

Homes in Hillsborough have sold for 16% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 --
N/A
3 $3.9M$4.1M
+3.8%
4 $4.5M$5.0M
+11.1%
5+ $5.6M$6.8M
+19.3%

Median Sold Price Compared To Nearby Cities

Hillsborough
+16.0%
Burlingame
+5.8%
San Mateo
+2.3%

How many homes are available in Hillsborough, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
3837-2.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 1515
0.0%
5+ 2020
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
56+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsborough, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
64 Days49 Days-23.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hillsborough are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hillsborough, CA

There are 37 homes are for sale in Hillsborough, CA real estate market. The number of listings in Hillsborough, CA decreased by 2.6% between October 2022 and November 2022. While the average time on the market in November 2022 was 49 days, the median list price was $5,797,500. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties became 3.8% more expensive, 4 bedrooms properties prices increased by 11.1%, prices of 5 bedrooms properties increased by 19.3%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went down by 33.3%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. While more than 1 listings in Hillsborough, CA in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 5 were sold below.

Related Housing Market Reports