$6,234 Closing Credit*
$525,000
2,423 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jana Doherty, Listing Office: COLDWELL BANKER - HP&W
Is Hillsborough, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$508,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$68,550(+15.6%)
Key Takeaway
Homes in Hillsborough have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Hillsborough was $508,500 in September 2024, up 15.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | - | N/A |
| 2 Bedrooms | $319.3K | $352.5K | +10.4% |
| 3 Bedrooms | $405.5K | $449.5K | +10.9% |
| 4 Bedrooms | $610K | $640K | +4.9% |
| 5+ Bedrooms | $695.3K | $745K | +7.1% |
Summary: Hillsborough housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Eno Township | $587K | $704.6K | +20.0% |
| Hillsborough Township | $435K | $505K | +16.1% |
| Hillsborough | $439.9K | $508.5K | +15.6% |
Housing Supply in Hillsborough, NC
How many homes are available in Hillsborough, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 88 | 82 | -6.8% |
Summary: The Hillsborough real estate market had 82 homes for sale in September 2024, a 6.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 43 | 42 | -2.3% |
| 4 Bedrooms | 31 | 25 | -19.4% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Hillsborough housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Hillsborough in September 2024, down by 15.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 80 Days | 32 Days | -58.9% |
Summary: Homes in Hillsborough had an average of 32 days on market in Sep 2024, down by 58.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 17 homes were sold in Hillsborough; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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