Is Hillsboro, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsboro is a seller's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Hillsboro, OR cost?

Median Sold Price

$520,400

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$45,918(+9.7%)

Key Takeaway

Homes in Hillsboro have sold for 9.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $254.9K$292K
+14.6%
2 $348.4K$385.9K
+10.8%
3 $455K$512.9K
+12.7%
4 $555K$615.5K
+10.9%
5+ $625K$690.5K
+10.5%

Median Sold Price Compared To Nearby Cities

Rockcreek
+14.4%
Forest Grove-Cornelius
+10.8%
Beaverton-Hillsboro
+10.7%
Hillsboro
+9.7%
Chehalem Mountains
+0.9%

How many homes are available in Hillsboro, OR?

Number of Homes For Sale

Nov 2022Dec 2022%
353326-7.6%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 55
0.0%
2 4742
-10.6%
3 197184
-6.6%
4 8576
-10.6%
5+ 1919
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
5964+8.5%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsboro, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
17 Days41 Days+140.2%

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hillsboro are selling fast, if you're buying plan to act quickly.

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

About Hillsboro, OR

Hillsboro, OR has 326 homes on the market. Between November 2022 and December 2022, Hillsboro, OR real estate market has seen decrease in the number of listings by 7.6%. In December 2022 median list price was $520,400 and the average listing age was 41 days. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 14.6%, the cost of 2 bedrooms properties went up by 10.8%, 3 bedrooms properties prices increased by 12.7%, the cost of 4 bedrooms properties went up by 10.9%, the cost of 5 bedrooms properties went up by 10.5%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 10.6%, the quantity of 3 bedrooms homes went down by 6.6%, number of 4 bedrooms homes decreased by 10.6%, number of 5 bedrooms homes remained the same. Over 23 listings were sold over their listed price in December 2022 in Hillsboro, OR. In the same period over 27 listings were sold below the listed price and 14 listings were sold for the listed price.

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