Is Hillsborough Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Hillsborough Township has remained a Seller's Market.
Housing Prices in Hillsborough Township, NC
How much do homes in Hillsborough Township, NC cost?
Median Sold Price
$450,666
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Hillsborough Township was $450,666 in February 2024, up 0.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $450K | +25.0% |
2 Bedrooms | $272.5K | $340K | +24.8% |
3 Bedrooms | $415K | $415.2K | 0.0% |
4 Bedrooms | $590K | $617.4K | +4.7% |
5+ Bedrooms | $735K | $732.1K | -0.4% |
Summary: Hillsborough Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 24.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Eno Township | $632.5K | $681.7K | +7.8% |
Cheeks Township | $366.3K | $375K | +2.4% |
Hillsborough | $450.8K | $460K | +2.0% |
Hillsborough Township | $449.6K | $450.6K | 0.2% |
Little River Township | $435.4K | $416.9K | -4.2% |
Housing Supply in Hillsborough Township, NC
How many homes are available in Hillsborough Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
91 | 105 | +15.4% |
Summary: The Hillsborough Township real estate market had 105 homes for sale in February 2024, a 15.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 47 | 52 | +10.6% |
4 Bedrooms | 25 | 30 | +20.0% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Hillsborough Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 24 | +100.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Hillsborough Township in February 2024, up by 100.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Hillsborough Township, NC
How long does it take to sell a home in Hillsborough Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
99 Days | 95 Days | -3.8% |
Summary: Homes in Hillsborough Township had an average of 95 days on market in Feb 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During February 2024, 24 homes were sold in Hillsborough Township; 13% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.