Is Hillsborough, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hillsborough was a Seller's Market.
Housing Prices in Hillsborough, CA
How much do homes in Hillsborough, CA cost?
Median Sold Price
$4,750,000
$1,362/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hillsborough was $4,750,000 in April 2024, down 15.9% from last year, and the median price per square foot was $1,362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $4.0M | $3.9M | -3.3% |
4 Bedrooms | $4.9M | $4.7M | -5.9% |
5+ Bedrooms | $6.5M | $6.1M | -4.8% |
Summary: Hillsborough housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
San Mateo | $1.4M | $1.5M | +1.9% |
Burlingame | $2.5M | $2.4M | -6.0% |
Hillsborough | $5.6M | $4.7M | -15.9% |
Housing Supply in Hillsborough, CA
How many homes are available in Hillsborough, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Summary: The Hillsborough real estate market had 41 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 3 | -57.1% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The Hillsborough housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 57.1%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Hillsborough in April 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Hillsborough, CA
How long does it take to sell a home in Hillsborough, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 23 Days | +117.8% |
Summary: Homes in Hillsborough had an average of 23 days on market in Apr 2024, up by 117.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Hillsborough; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.