Is Hillsboro, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsboro is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$49,000(+64.5%)

Key Takeaway

Homes in Hillsboro have sold for 64.5% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $20K$51K
+155.0%
2 $61.5K$56.5K
-8.1%
3 $94.5K$146K
+54.5%
4 $219.9K$125K
-43.2%
5+ $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 2024Feb 2024CHANGE
13130.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 58
+60.0%
4 53
-40.0%
5+ 22
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 2024Feb 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsboro, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
22 Days40 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hillsboro has remained consistent over time.

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.

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

Report Updated 28 Days Ago

Newest Listings in Hillsboro, IL

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