Is Hillsboro Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsboro Beach is a buyer's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

Hillsboro Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hillsboro Beach, FL

How much do homes in Hillsboro Beach, FL cost?

Median Sold Price

$520,000

$434/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$169,394(-24.6%)

Key Takeaway

Homes in Hillsboro Beach have sold for 24.6% less than they did a year ago.

Summary: The median home sold price in Hillsboro Beach was $520,000 in June 2024, down 24.6% from last year, and the median price per square foot was $434.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $292.5K$365.7K
+25.0%
2 $540K$515K
-4.6%
3 $1.2M$1.0M
-21.6%
4 --
N/A
5+ --
N/A

Summary: Hillsboro Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Deerfield Beach
+5.9%
Lighthouse Point
0.4%
Hillsboro Beach
-24.6%

Housing Supply in Hillsboro Beach, FL

How many homes are available in Hillsboro Beach, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3337+12.1%

Summary: The Hillsboro Beach real estate market had 37 homes for sale in June 2024, a 12.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 25
+150.0%
2 2525
0.0%
3 46
+50.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Hillsboro Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsboro Beach, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Hillsboro Beach in June 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% 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

Jun 2023Jun 2024CHANGE
86 Days71 Days-17.7%

Summary: Homes in Hillsboro Beach had an average of 71 days on market in Jun 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 3 homes were sold in Hillsboro Beach; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in Hillsboro Beach, FL

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