Is Hillsboro, OR 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.
Housing Prices in Hillsboro, OR
How much do homes in Hillsboro, OR cost?
Median Sold Price
$536,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hillsboro was $536,500 in April 2024, up 4.2% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $298K | $306.5K | +2.9% |
2 Bedrooms | $395K | $399.9K | +1.3% |
3 Bedrooms | $509.9K | $521.4K | +2.2% |
4 Bedrooms | $612K | $630.6K | +3.1% |
5+ Bedrooms | $760K | $730K | -3.9% |
Summary: Hillsboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
Rockcreek | $612.6K | $643K | +5.0% |
Hillsboro | $515K | $536.5K | +4.2% |
Forest Grove-Cornelius | $515K | $524.4K | +1.8% |
Beaverton-Hillsboro | $568.3K | $571.6K | +0.6% |
Chehalem Mountains | $819.4K | $795.2K | -3.0% |
Housing Supply in Hillsboro, OR
How many homes are available in Hillsboro, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
300 | 357 | +19.0% |
Summary: The Hillsboro real estate market had 357 homes for sale in April 2024, a 19.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 35 | 42 | +20.0% |
3 Bedrooms | 153 | 185 | +20.9% |
4 Bedrooms | 87 | 99 | +13.8% |
5+ Bedrooms | 21 | 27 | +28.6% |
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 20%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 86 | +22.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 86 homes were sold or pending in Hillsboro in April 2024, up by 22.9% month-over-month. Of the 86 sold homes, 35% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Hillsboro, OR
How long does it take to sell a home in Hillsboro, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 35 Days | -8.2% |
Summary: Homes in Hillsboro had an average of 35 days on market in Apr 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 86 homes were sold in Hillsboro; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.