Is Hillsboro, TN 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, 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.
Housing Prices in Hillsboro, TN
How much do homes in Hillsboro, TN cost?
Median Sold Price
$266,950
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hillsboro have sold for 19.1% less than they did a year ago.
Summary: The median home sold price in Hillsboro was $266,950 in April 2024, down 19.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202.4K | $219.9K | +8.6% |
| 3 Bedrooms | $272.9K | $255K | -6.6% |
| 4 Bedrooms | $505K | $423K | -16.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hillsboro 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 increased by 8.6%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Manchester | $296.1K | $309.9K | +4.7% |
| Hillsboro | $330K | $266.9K | -19.1% |
Housing Supply in Hillsboro, TN
How many homes are available in Hillsboro, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Hillsboro real estate market had 18 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hillsboro 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 100%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsboro, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Hillsboro in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Hillsboro, TN
How long does it take to sell a home in Hillsboro, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 21 Days | -54.6% |
Summary: Homes in Hillsboro had an average of 21 days on market in Apr 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 April 2024, 4 homes were sold in Hillsboro; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.