Is Hillsboro, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hillsboro was a Seller's Market.
Key Takeaway
Hillsboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hillsboro, OR
How much do homes in Hillsboro, OR cost?
Median Sold Price
$535,645
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hillsboro have sold for 4% more than they did a year ago.
Summary: The median home sold price in Hillsboro was $535,645 in March 2024, up 4% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292K | $306.5K | +5.0% |
| 2 Bedrooms | $390K | $399K | +2.3% |
| 3 Bedrooms | $510.9K | $518.3K | +1.5% |
| 4 Bedrooms | $610K | $632K | +3.6% |
| 5+ Bedrooms | $754.5K | $722.5K | -4.2% |
Summary: Hillsboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Hillsboro | $515K | $535.6K | +4.0% |
| Rockcreek | $612.9K | $634.6K | +3.5% |
| Chehalem Mountains | $789K | $814.2K | +3.2% |
| Forest Grove-Cornelius | $516.5K | $525.1K | +1.7% |
| Beaverton-Hillsboro | $574K | $573K | -0.2% |
Housing Supply in Hillsboro, OR
How many homes are available in Hillsboro, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 462 | 474 | +2.6% |
Summary: The Hillsboro real estate market had 474 homes for sale in March 2024, a 2.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 61 | 57 | -6.6% |
| 3 Bedrooms | 228 | 232 | +1.8% |
| 4 Bedrooms | 145 | 154 | +6.2% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Hillsboro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 65 | +3.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsboro, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Hillsboro in March 2024, up by 3.2% month-over-month. Of the 65 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 47 Days | +31.9% |
Summary: Homes in Hillsboro had an average of 47 days on market in Mar 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
14 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 March 2024, 65 homes were sold in Hillsboro; 57% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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.