$2,374 Closing Credit*
$199,900
1,191 SqFt
2 Beds
•2 Full Baths
Sherry Merriman, Listing Office: EXP REALTY LLC
Is Hillsborough County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hillsborough County was a Seller's Market.
Key Takeaway
Hillsborough County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hillsborough County, FL
How much do homes in Hillsborough County, FL cost?
Median Sold Price
$405,506
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,136(+3.1%)
Key Takeaway
Homes in Hillsborough County have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Hillsborough County was $405,506 in October 2024, up 3.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.7K | $185.5K | +1.5% |
| 2 Bedrooms | $270K | $270.6K | 0.2% |
| 3 Bedrooms | $365.5K | $376.6K | +3.0% |
| 4 Bedrooms | $484.9K | $500K | +3.1% |
| 5+ Bedrooms | $672.3K | $682.1K | +1.5% |
Summary: Hillsborough County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Counties
| Pinellas County | $392.3K | $414.5K | +5.6% |
| Pasco County | $328.1K | $339.9K | +3.6% |
| Hillsborough County | $393.3K | $405.5K | +3.1% |
| Polk County | $320.7K | $324.7K | +1.3% |
| Manatee County | $468.7K | $465.6K | -0.7% |
Housing Supply in Hillsborough County, FL
How many homes are available in Hillsborough County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8,194 | 7,943 | -3.1% |
Summary: The Hillsborough County real estate market had 7,943 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 251 | 270 | +7.6% |
| 2 Bedrooms | 1,405 | 1,411 | 0.4% |
| 3 Bedrooms | 3,269 | 3,129 | -4.3% |
| 4 Bedrooms | 2,326 | 2,237 | -3.8% |
| 5+ Bedrooms | 943 | 896 | -5.0% |
Summary: The Hillsborough County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,264 | 1,185 | -6.3% |
Asking Price vs. Sold Price
732 Homes Were Sold
Under Asking
296 Homes Were Sold
At Asking
157 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough County, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.
Summary: A total of 1,185 homes were sold or pending in Hillsborough County in October 2024, down by 6.3% month-over-month. Of the 1,185 sold homes, 62% were sold under asking, 25% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 56 Days | +62.5% |
Summary: Homes in Hillsborough County had an average of 56 days on market in Oct 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
521 Homes Were Sold
Under 30 Days
408 Homes Were Sold
In 30 - 90 Days
256 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1185 homes were sold in Hillsborough County; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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