Is Hillsborough, NC 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, Hillsborough has remained a Seller's Market.
Housing Prices in Hillsborough, NC
How much do homes in Hillsborough, NC cost?
Median Sold Price
$496,800
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hillsborough was $496,800 in May 2024, up 12.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $550K | +37.5% |
2 Bedrooms | $283.7K | $342.5K | +20.7% |
3 Bedrooms | $401K | $430K | +7.2% |
4 Bedrooms | $615K | $615K | 0.0% |
5+ Bedrooms | $775K | $725K | -6.5% |
Summary: Hillsborough housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Eno Township | $593K | $700K | +18.0% |
Hillsborough Township | $435K | $494K | +13.6% |
Hillsborough | $440K | $496.8K | +12.9% |
Housing Supply in Hillsborough, NC
How many homes are available in Hillsborough, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 101 | -1.9% |
Summary: The Hillsborough real estate market had 101 homes for sale in May 2024, a 1.9% decrease 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 | 7 | 7 | 0.0% |
3 Bedrooms | 56 | 49 | -12.5% |
4 Bedrooms | 32 | 38 | +18.8% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Hillsborough 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 24 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Hillsborough in May 2024, down by 29.4% month-over-month. Of the 24 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Hillsborough, NC
How long does it take to sell a home in Hillsborough, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 20 Days | -61.4% |
Summary: Homes in Hillsborough had an average of 20 days on market in May 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Hillsborough; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.