Is Hillsborough County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsborough County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Hillsborough County has remained a Seller's Market.

Key Takeaway

Hillsborough County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hillsborough County, FL cost?

Median Sold Price

$374,049

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$74,067(+24.7%)

Key Takeaway

Homes in Hillsborough County have sold for 24.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $132.9K$175.2K
+31.8%
2 $195.8K$249.9K
+27.6%
3 $279.8K$350K
+25.1%
4 $370K$450.2K
+21.7%
5+ $504.7K$620.4K
+22.9%

Median Sold Price Compared To Nearby Counties

Manatee County
+28.1%
Hillsborough County
+24.7%
Pinellas County
+22.1%
Pasco County
+22.0%

How many homes are available in Hillsborough County, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
7,4367,4450.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 203211
+3.9%
2 1,1781,183
0.4%
3 3,0013,032
+1.0%
4 2,2572,192
-2.9%
5+ 797827
+3.8%

Number of Homes Sold

Jul 2022Aug 2022%
1,9571,801-8.0%

Asking Price vs. Sold Price

872 Homes Were Sold
Under Asking

418 Homes Were Sold
At Asking

511 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsborough County, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
12 Days18 Days+44.8%

Breakdown of Home Sale Times

1,465 Homes Were Sold
Under 30 Days

301 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hillsborough County 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 County, FL

Homes for sale in Hillsborough County, FL have reached 7,445. The number of homes for sale in Hillsborough County, FL increased by 0.1% between July 2022 and August 2022. In August 2022 median list price was $374,049 and the average listing age was 18 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 31.8% more expensive, prices of 2 bedrooms properties went up by 27.6%, prices of 3 bedrooms properties went up by 25.1%, prices of 4 bedrooms properties increased by 21.7%, 5 bedrooms properties prices increased by 22.9%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 3.9%, 2 bedrooms homes became 0.4% more available, volume of 3 bedrooms homes went up by 1%, volume of 4 bedrooms homes went down by 2.9%, volume of 5 bedrooms homes went up by 3.8%. In August 2022, from all listings sold in Hillsborough County, FL there were more than 511 sold above asking price, over 872 sold below and more than 418 were sold right at the asked price.

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