Is Hillsborough, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$488,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hillsborough have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Hillsborough was $488,000 in April 2024, up 8.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $550K | +37.5% |
| 2 Bedrooms | $290K | $342.5K | +18.1% |
| 3 Bedrooms | $410K | $421.5K | +2.8% |
| 4 Bedrooms | $620K | $624.9K | +0.8% |
| 5+ Bedrooms | $735K | $732.1K | -0.4% |
Summary: Hillsborough housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Eno Township | $597.5K | $708K | +18.5% |
| Hillsborough | $450.2K | $488K | +8.4% |
| Hillsborough Township | $447.5K | $481K | +7.5% |
Housing Supply in Hillsborough, NC
How many homes are available in Hillsborough, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 105 | 100 | -4.8% |
Summary: The Hillsborough real estate market had 100 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 51 | 54 | +5.9% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 16 | 8 | -50.0% |
Summary: The Hillsborough housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Hillsborough in April 2024, down by 10.8% month-over-month. Of the 33 sold homes, 39% were sold under asking, 15% were sold at asking, and 45% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 31 Days | -47.5% |
Summary: Homes in Hillsborough had an average of 31 days on market in Apr 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in Hillsborough; 82% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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