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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsborough Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Hillsborough Township, NC

How much do homes in Hillsborough Township, NC cost?

Median Sold Price

$499,300

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$66,800(+15.4%)

Key Takeaway

Homes in Hillsborough Township have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Hillsborough Township was $499,300 in June 2024, up 15.4% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $425K$550K
+29.4%
2 $300K$334K
+11.3%
3 $400.5K$430K
+7.4%
4 $586K$617.4K
+5.4%
5+ $775K$725K
-6.5%

Summary: Hillsborough Township 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 5.4%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Cities

Eno Township
+15.5%
Hillsborough Township
+15.4%
Hillsborough
+14.8%
Cheeks Township
-1.1%

Housing Supply in Hillsborough Township, NC

How many homes are available in Hillsborough Township, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
10496-7.7%

Summary: The Hillsborough Township 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
0.0%
2 64
-33.3%
3 5451
-5.6%
4 3733
-10.8%
5+ 78
+14.3%

Summary: The Hillsborough Township 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
2726-3.7%

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 Township, 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 Township 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 Township, NC

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

Average Sale Time

Jun 2023Jun 2024CHANGE
57 Days11 Days-79.2%

Summary: Homes in Hillsborough Township 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 26 homes were sold in Hillsborough Township; 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 Township, NC

Nearby Markets to Hillsborough Township, NC

What housing markets are near Hillsborough Township, NC?