Is Hillsborough County, FL 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 County has remained a Seller's Market.
Housing Prices in Hillsborough County, FL
How much do homes in Hillsborough County, FL cost?
Median Sold Price
$400,151
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hillsborough County was $400,151 in May 2024, up 2.4% 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 | $177K | $186.1K | +5.1% |
2 Bedrooms | $269.9K | $272.4K | +0.9% |
3 Bedrooms | $366.6K | $375K | +2.3% |
4 Bedrooms | $485.3K | $496.9K | +2.4% |
5+ Bedrooms | $652.9K | $682.5K | +4.5% |
Summary: Hillsborough County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Counties
Pinellas County | $386.2K | $409.5K | +6.0% |
Hillsborough County | $390.7K | $400.1K | +2.4% |
Pasco County | $329.6K | $331K | 0.4% |
Manatee County | $475.4K | $471.6K | -0.8% |
Polk County | $324.8K | $321.9K | -0.9% |
Housing Supply in Hillsborough County, FL
How many homes are available in Hillsborough County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8,677 | 8,996 | +3.7% |
Summary: The Hillsborough County real estate market had 8,996 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 271 | 288 | +6.3% |
2 Bedrooms | 1,553 | 1,565 | +0.8% |
3 Bedrooms | 3,358 | 3,410 | +1.5% |
4 Bedrooms | 2,508 | 2,696 | +7.5% |
5+ Bedrooms | 987 | 1,037 | +5.1% |
Summary: The Hillsborough County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,775 | 1,937 | +9.1% |
Asking Price vs. Sold Price
1,071 Homes Were Sold
Under Asking
563 Homes Were Sold
At Asking
303 Homes Were Sold
Over Asking
Summary: A total of 1,937 homes were sold or pending in Hillsborough County in May 2024, up by 9.1% month-over-month. Of the 1,937 sold homes, 55% were sold under asking, 29% were sold at asking, and 16% were sold over asking.
Days on Market for Hillsborough County, FL
How long does it take to sell a home in Hillsborough County, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 42 Days | +8.8% |
Summary: Homes in Hillsborough County had an average of 42 days on market in May 2024, up by 8.8% compared to last year.
Breakdown of Home Sale Times
1,103 Homes Were Sold
Under 30 Days
584 Homes Were Sold
In 30 - 90 Days
250 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1937 homes were sold in Hillsborough County; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.