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 June 2023

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.

Housing Prices in Hillsborough County, FL

How much do homes in Hillsborough County, FL cost?

Median Sold Price

$402,124

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$11,834(+3.0%)

Key Takeaway

Homes in Hillsborough County have sold for 3% more than they did a year ago.

Summary: The median home sold price in Hillsborough County was $402,124 in June 2024, up 3% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $178.7K$185.6K
+3.8%
2 $269.6K$273.5K
+1.4%
3 $365.1K$375.4K
+2.8%
4 $483.7K$498.8K
+3.1%
5+ $662.5K$679K
+2.5%

Summary: Hillsborough County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Counties

Pinellas County
+7.0%
Hillsborough County
+3.0%
Pasco County
+1.7%
Polk County
-0.2%
Manatee County
-0.4%

Housing Supply in Hillsborough County, FL

How many homes are available in Hillsborough County, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
9,2248,892-3.6%

Summary: The Hillsborough County real estate market had 8,892 homes for sale in June 2024, a 3.6% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 275280
+1.8%
2 1,5611,535
-1.7%
3 3,5323,376
-4.4%
4 2,7772,653
-4.5%
5+ 1,0791,048
-2.9%

Summary: The Hillsborough County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 2.9%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2,1121,676-20.6%

Asking Price vs. Sold Price

916 Homes Were Sold
Under Asking

509 Homes Were Sold
At Asking

251 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. 54.7% of homes here sold below asking price last month.

Summary: A total of 1,676 homes were sold or pending in Hillsborough County in June 2024, down by 20.6% month-over-month. Of the 1,676 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.

Days on Market for Hillsborough County, FL

How long does it take to sell a home in Hillsborough County, FL?

Average Sale Time

Jun 2023Jun 2024CHANGE
36 Days40 Days+11.7%

Summary: Homes in Hillsborough County had an average of 40 days on market in Jun 2024, up by 11.7% compared to last year.

Breakdown of Home Sale Times

1,000 Homes Were Sold
Under 30 Days

465 Homes Were Sold
In 30 - 90 Days

211 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.

Summary: During June 2024, 1676 homes were sold in Hillsborough County; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 13% 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 18 Days Ago

Newest Listings in Hillsborough County, FL

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