Is Hillsboro, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsboro is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Hillsboro was a Buyer'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, AL

How much do homes in Hillsboro, AL cost?

Median Sold Price

$231,200

$138/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$283,800(-55.1%)

Key Takeaway

Homes in Hillsboro have sold for 55.1% less than they did a month ago.

Summary: The median home sold price in Hillsboro was $231,200 in September 2024, down 55.1% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 -$72.5K
N/A
2 $515K-
N/A
3 -$389.9K
N/A
4 --
N/A
5+ --
N/A

Summary: Hillsboro housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Hillsboro, AL

How many homes are available in Hillsboro, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
880.0%

Summary: The Hillsboro real estate market had 8 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 21
-50.0%
3 22
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Hillsboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2 homes were sold or pending in Hillsboro in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Hillsboro, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Hillsboro, AL

Nearby Markets to Hillsboro, AL