Is Hillsboro, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hillsboro has remained a Seller's Market.
Housing Prices in Hillsboro, IL
How much do homes in Hillsboro, IL cost?
Median Sold Price
$127,500
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hillsboro was $127,500 in May 2024, up 40.5% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $6.5K | $51K | +684.6% |
2 Bedrooms | $68.9K | $51.5K | -25.3% |
3 Bedrooms | $102.5K | $158.5K | +54.6% |
4 Bedrooms | $219.9K | $95K | -56.8% |
5+ Bedrooms | $273.7K | $347.5K | +26.9% |
Summary: Hillsboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 684.6%, 2 bedroom homes decreased by 25.3%, 3 bedroom homes increased by 54.6%, 4 bedroom homes decreased by 56.8%, and 5+ bedroom homes increased by 26.9%.
Housing Supply in Hillsboro, IL
How many homes are available in Hillsboro, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Summary: The Hillsboro real estate market had 22 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
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 May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Hillsboro in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Hillsboro, IL
How long does it take to sell a home in Hillsboro, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 35 Days | +118.0% |
Summary: Homes in Hillsboro had an average of 35 days on market in May 2024, up by 118% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Hillsboro; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.