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 February 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

$450,666

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$1,010(+0.2%)

Key Takeaway

The sold price of homes in Hillsborough Township has remained the same since last year.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $360K$450K
+25.0%
2 $272.5K$340K
+24.8%
3 $415K$415.2K
0.0%
4 $590K$617.4K
+4.7%
5+ $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
+7.8%
Cheeks Township
+2.4%
Hillsborough
+2.0%
Hillsborough Township
0.2%
Little River Township
-4.2%

Housing Supply in Hillsborough Township, NC

How many homes are available in Hillsborough Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
91105+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 77
0.0%
3 4752
+10.6%
4 2530
+20.0%
5+ 1216
+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 2024Feb 2024CHANGE
1224+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsborough Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
99 Days95 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hillsborough Township are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

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

Report Updated 28 Days Ago

Newest Listings in Hillsborough Township, NC

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What housing markets are near Hillsborough Township, NC?