Is Hillsboro, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Hillsboro has remained a Seller's Market.
Housing Prices in Hillsboro, IL
How much do homes in Hillsboro, IL cost?
Median Sold Price
$125,000
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Hillsboro was $125,000 in February 2024, up 64.5% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $20K | $51K | +155.0% |
2 Bedrooms | $61.5K | $56.5K | -8.1% |
3 Bedrooms | $94.5K | $146K | +54.5% |
4 Bedrooms | $219.9K | $125K | -43.2% |
5+ Bedrooms | $273.7K | $347.5K | +26.9% |
Summary: Hillsboro housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 155%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 54.5%, 4 bedroom homes decreased by 43.2%, and 5+ bedroom homes increased by 26.9%.
Housing Supply in Hillsboro, IL
How many homes are available in Hillsboro, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The Hillsboro real estate market had 13 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hillsboro housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Hillsboro in February 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Hillsboro, IL
How long does it take to sell a home in Hillsboro, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
22 Days | 40 Days | +78.9% |
Summary: Homes in Hillsboro had an average of 40 days on market in Feb 2024, up by 78.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Hillsboro; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.