Is Hillsborough County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hillsborough County has remained a Seller's Market.
Key Takeaway
Hillsborough County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsborough County, FL
How much do homes in Hillsborough County, FL cost?
Median Sold Price
$399,935
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hillsborough County have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Hillsborough County was $399,935 in April 2024, up 1.8% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $185K | +2.8% |
| 2 Bedrooms | $269.9K | $270.7K | 0.3% |
| 3 Bedrooms | $368.7K | $373.2K | +1.2% |
| 4 Bedrooms | $487.1K | $495.3K | +1.7% |
| 5+ Bedrooms | $670.8K | $683.9K | +2.0% |
Summary: Hillsborough County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
| Pinellas County | $388.2K | $403.6K | +4.0% |
| Hillsborough County | $392.8K | $399.9K | +1.8% |
| Pasco County | $329.5K | $329.9K | 0.1% |
| Polk County | $324.9K | $321.5K | -1.1% |
| Manatee County | $478.5K | $469K | -2.0% |
Housing Supply in Hillsborough County, FL
How many homes are available in Hillsborough County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8,047 | 8,313 | +3.3% |
Summary: The Hillsborough County real estate market had 8,313 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 270 | 280 | +3.7% |
| 2 Bedrooms | 1,504 | 1,532 | +1.9% |
| 3 Bedrooms | 3,162 | 3,209 | +1.5% |
| 4 Bedrooms | 2,282 | 2,376 | +4.1% |
| 5+ Bedrooms | 829 | 916 | +10.5% |
Summary: The Hillsborough County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,632 | 1,676 | +2.7% |
Asking Price vs. Sold Price
963 Homes Were Sold
Under Asking
438 Homes Were Sold
At Asking
275 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough County, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 1,676 homes were sold or pending in Hillsborough County in April 2024, up by 2.7% month-over-month. Of the 1,676 sold homes, 57% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Hillsborough County, FL
How long does it take to sell a home in Hillsborough County, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 43 Days | -4.8% |
Summary: Homes in Hillsborough County had an average of 43 days on market in Apr 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
978 Homes Were Sold
Under 30 Days
422 Homes Were Sold
In 30 - 90 Days
276 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1676 homes were sold in Hillsborough County; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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