Is Hillsborough, NC a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Hillsborough is a seller's market


Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Hillsborough, NC

How much do homes in Hillsborough, NC cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

Homes in Hillsborough have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in Hillsborough was $499,933 in June 2024, up 14.8% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $425K$550K
2 $300K$334K
3 $400.5K$430K
4 $612.5K$622.4K
5+ $775K$725K

Summary: Hillsborough housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Cities

Eno Township
Hillsborough Township

Housing Supply in Hillsborough, NC

How many homes are available in Hillsborough, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The Hillsborough real estate market had 96 homes for sale in June 2024, a 7.7% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
2 64
3 5451
4 3733
5+ 78

Summary: The Hillsborough housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsborough, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Hillsborough in June 2024, down by 3.7% month-over-month. Of the 26 sold homes, 38% were sold under asking, 19% were sold at asking, and 42% were sold over asking.

Days on Market for Hillsborough, NC

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

Average Sale Time

Jun 2023Jun 2024CHANGE
57 Days11 Days-79.2%

Summary: Homes in Hillsborough had an average of 11 days on market in Jun 2024, down by 79.2% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hillsborough are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 26 homes were sold in Hillsborough; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% 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 11 Days Ago

Newest Listings in Hillsborough, NC

Nearby Markets to Hillsborough, NC

What housing markets are near Hillsborough, NC?