Is Hillsborough Township, NC 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 Township has remained a Seller's Market.
Key Takeaway
Hillsborough Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsborough Township, NC
How much do homes in Hillsborough Township, NC cost?
Median Sold Price
$481,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hillsborough Township have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Hillsborough Township was $481,000 in April 2024, up 7.5% 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 | $400K | $550K | +37.5% |
| 2 Bedrooms | $290K | $342.5K | +18.1% |
| 3 Bedrooms | $410K | $420.7K | +2.6% |
| 4 Bedrooms | $600K | $619.9K | +3.3% |
| 5+ Bedrooms | $735K | $732.1K | -0.4% |
Summary: Hillsborough Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Eno Township | $597.5K | $708K | +18.5% |
| Hillsborough | $450.2K | $488K | +8.4% |
| Hillsborough Township | $447.5K | $481K | +7.5% |
| Cheeks Township | $373.2K | $375K | 0.5% |
Housing Supply in Hillsborough Township, NC
How many homes are available in Hillsborough Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 107 | 102 | -4.7% |
Summary: The Hillsborough Township real estate market had 102 homes for sale in April 2024, a 4.7% decrease 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 51 | 54 | +5.9% |
| 4 Bedrooms | 36 | 33 | -8.3% |
| 5+ Bedrooms | 16 | 8 | -50.0% |
Summary: The Hillsborough Township 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 increased by 75%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough Township, you could pay more than the asking price. 44.1% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Hillsborough Township in April 2024, down by 10.5% month-over-month. Of the 34 sold homes, 38% were sold under asking, 18% were sold at asking, and 44% were sold over asking.
Days on Market for Hillsborough Township, NC
How long does it take to sell a home in Hillsborough Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 33 Days | -41.7% |
Summary: Homes in Hillsborough Township had an average of 33 days on market in Apr 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Hillsborough Township; 79% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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