Is Hillsboro, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Hillsboro has remained a Seller's Market.
Key Takeaway
Hillsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsboro, OR
How much do homes in Hillsboro, OR cost?
Median Sold Price
$535,417
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Hillsboro have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Hillsboro was $535,417 in June 2024, up 3.7% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302K | $310.2K | +2.7% |
| 2 Bedrooms | $390K | $400K | +2.6% |
| 3 Bedrooms | $505K | $524.9K | +4.0% |
| 4 Bedrooms | $615K | $628.4K | +2.2% |
| 5+ Bedrooms | $745.5K | $752.5K | +0.9% |
Summary: Hillsboro housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Rockcreek | $616.4K | $649.8K | +5.4% |
| Hillsboro | $516.5K | $535.4K | +3.7% |
| Beaverton-Hillsboro | $560.3K | $575.6K | +2.7% |
| Forest Grove-Cornelius | $515.9K | $520.4K | +0.9% |
| Chehalem Mountains | $864K | $795.2K | -8.0% |
Housing Supply in Hillsboro, OR
How many homes are available in Hillsboro, OR?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 422 | 408 | -3.3% |
Summary: The Hillsboro real estate market had 408 homes for sale in June 2024, a 3.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 60 | 72 | +20.0% |
| 3 Bedrooms | 224 | 193 | -13.8% |
| 4 Bedrooms | 111 | 119 | +7.2% |
| 5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The Hillsboro 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 increased by 20%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 126 | 78 | -38.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsboro, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in Hillsboro in June 2024, down by 38.1% month-over-month. Of the 78 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for Hillsboro, OR
How long does it take to sell a home in Hillsboro, OR?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 38 Days | +59.4% |
Summary: Homes in Hillsboro had an average of 38 days on market in Jun 2024, up by 59.4% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsboro are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 78 homes were sold in Hillsboro; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.