Is Hillsboro, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hillsboro has remained a Seller's Market.
Housing Prices in Hillsboro, KY
How much do homes in Hillsboro, KY cost?
Median Sold Price
$185,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hillsboro was $185,000 in March 2024, up 10.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $189.9K | N/A |
2 Bedrooms | $98.4K | $173.5K | +76.3% |
3 Bedrooms | $220K | $216K | -1.8% |
4 Bedrooms | $189.5K | $139.9K | -26.2% |
5+ Bedrooms | $345K | $322.5K | -6.5% |
Summary: Hillsboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 76.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Hillsboro | $167.5K | $185K | +10.4% |
Hilda-Triplett | $228.7K | $224.9K | -1.7% |
Housing Supply in Hillsboro, KY
How many homes are available in Hillsboro, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The Hillsboro real estate market had 18 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hillsboro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Hillsboro in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Hillsboro, KY
How long does it take to sell a home in Hillsboro, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 61 Days | -14.1% |
Summary: Homes in Hillsboro had an average of 61 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Hillsboro; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.