$1,651 Closing Credit*
$139,000
760 SqFt
1 Bed
•1 Full Bath
Winnett Hay, Listing Office: CHARLES RUTENBERG REALTY INC
Is Hillsborough County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Hillsborough County was a Seller's Market.
Key Takeaway
Hillsborough County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hillsborough County, FL
How much do homes in Hillsborough County, FL cost?
Median Sold Price
$404,786
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$12,765(+3.3%)
Key Takeaway
Homes in Hillsborough County have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Hillsborough County was $404,786 in September 2024, up 3.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.6K | $186.6K | +3.9% |
| 2 Bedrooms | $270K | $271.1K | 0.4% |
| 3 Bedrooms | $365K | $377.5K | +3.4% |
| 4 Bedrooms | $480.9K | $500K | +4.0% |
| 5+ Bedrooms | $676.6K | $672.6K | -0.6% |
Summary: Hillsborough County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Counties
| Pinellas County | $390.6K | $414.7K | +6.2% |
| Hillsborough County | $392K | $404.7K | +3.3% |
| Pasco County | $328.2K | $338.5K | +3.2% |
| Polk County | $321.4K | $324.4K | +0.9% |
| Manatee County | $473.7K | $467.7K | -1.3% |
Housing Supply in Hillsborough County, FL
How many homes are available in Hillsborough County, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8,740 | 8,429 | -3.6% |
Summary: The Hillsborough County real estate market had 8,429 homes for sale in September 2024, a 3.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 273 | 281 | +2.9% |
| 2 Bedrooms | 1,483 | 1,480 | -0.2% |
| 3 Bedrooms | 3,483 | 3,323 | -4.6% |
| 4 Bedrooms | 2,485 | 2,373 | -4.5% |
| 5+ Bedrooms | 1,016 | 972 | -4.3% |
Summary: The Hillsborough County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,712 | 1,163 | -32.1% |
Asking Price vs. Sold Price
669 Homes Were Sold
Under Asking
318 Homes Were Sold
At Asking
176 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough County, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 1,163 homes were sold or pending in Hillsborough County in September 2024, down by 32.1% month-over-month. Of the 1,163 sold homes, 58% were sold under asking, 27% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 34 Days | 48 Days | +38.3% |
Summary: Homes in Hillsborough County had an average of 48 days on market in Sep 2024, up by 38.3% compared to last year.
Breakdown of Home Sale Times
580 Homes Were Sold
Under 30 Days
384 Homes Were Sold
In 30 - 90 Days
199 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough County are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1163 homes were sold in Hillsborough County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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