$10,000 Closing Credit*
$1,050,000
3,833 SqFt
4 Beds
•3 Full Baths
Paramjit K Bhamrah, Listing Office: Redfin Corporation
Is Hillsboro, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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, VA
How much do homes in Hillsboro, VA cost?
Median Sold Price
$877,500
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$47,000(-5.1%)
Key Takeaway
Homes in Hillsboro have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Hillsboro was $877,500 in August 2024, down 5.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $575K | $515K | -10.4% |
| 3 Bedrooms | $777.5K | $727.5K | -6.4% |
| 4 Bedrooms | $949K | $910K | -4.1% |
| 5+ Bedrooms | $1.1M | $1.3M | +18.1% |
Summary: Hillsboro housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Blue Ridge | $747K | $819.5K | +9.7% |
| Hillsboro | $924.5K | $877.5K | -5.1% |
Housing Supply in Hillsboro, VA
How many homes are available in Hillsboro, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Hillsboro real estate market had 17 homes for sale in August 2024, a 13.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Hillsboro housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsboro, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Hillsboro in August 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hillsboro, VA
How long does it take to sell a home in Hillsboro, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 6 Days | 25 Days | +284.6% |
Summary: Homes in Hillsboro had an average of 25 days on market in Aug 2024, up by 284.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 August 2024, 1 homes were sold in Hillsboro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
