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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsborough is a seller's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Hillsborough was a Buyer's Market.

Key Takeaway

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

How much do homes in Hillsborough, NC cost?

Median Sold Price

$477,500

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$105,000(+28.2%)

Key Takeaway

Homes in Hillsborough have sold for 28.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $323.7K$358K
+10.6%
3 $370K$440K
+18.9%
4 $496.7K$668.9K
+34.7%
5+ $354.9K$700K
+97.2%

Median Sold Price Compared To Nearby Cities

Hillsborough
+28.2%
Eno Township
+20.1%
Hillsborough Township
+19.4%

How many homes are available in Hillsborough, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
4438-13.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 65
-16.7%
3 1714
-17.6%
4 1111
0.0%
5+ 97
-22.2%

Number of Homes Sold

Oct 2022Nov 2022%
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsborough, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
11 Days19 Days+69.6%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 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.

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

About Hillsborough, NC

Number of homes for sale in Hillsborough, NC real estate market have reached 38. In November 2022 in Hillsborough, NC there were 13.6% less homes for sale than in October 2022. While the average time on the market in November 2022 was 19 days, the median list price was $477,500. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 10.6% more expensive, prices of 3 bedrooms properties went up by 18.9%, the cost of 4 bedrooms properties went up by 34.7%, the cost of 5 bedrooms properties went up by 97.2%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 16.7%, volume of 3 bedrooms homes went down by 17.6%, 4 bedrooms homes did not move, 5 bedrooms homes inventory decreased by 22.2%. In November 2022, from all listings sold in Hillsborough, NC there were more than 2 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price.

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