Is Hillsborough County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsborough County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Hillsborough County was a Seller's Market.

Key Takeaway

Hillsborough County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hillsborough County, FL

How much do homes in Hillsborough County, FL cost?

Median Sold Price

$405,834

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,566(+2.9%)

Key Takeaway

Homes in Hillsborough County have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Hillsborough County was $405,834 in November 2024, up 2.9% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185K$182.2K
-1.5%
2 $269.9K$270.2K
0.1%
3 $366.8K$377.8K
+3.0%
4 $485K$501.9K
+3.5%
5+ $676.8K$680.7K
+0.6%

Summary: Hillsborough County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Counties

Pinellas County
+4.5%
Pasco County
+3.0%
Hillsborough County
+2.9%
Polk County
+1.1%
Manatee County
-1.5%

Housing Supply in Hillsborough County, FL

How many homes are available in Hillsborough County, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7,8828,051+2.1%

Summary: The Hillsborough County real estate market had 8,051 homes for sale in November 2024, a 2.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 252270
+7.1%
2 1,3951,528
+9.5%
3 3,1333,146
0.4%
4 2,2382,230
-0.4%
5+ 864877
+1.5%

Summary: The Hillsborough County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 1.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1,2881,098-14.8%

Asking Price vs. Sold Price

677 Homes Were Sold
Under Asking

284 Homes Were Sold
At Asking

137 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsborough County, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.

Summary: A total of 1,098 homes were sold or pending in Hillsborough County in November 2024, down by 14.8% month-over-month. Of the 1,098 sold homes, 62% were sold under asking, 26% were sold at asking, and 12% 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

Nov 2023Nov 2024CHANGE
38 Days56 Days+46.1%

Summary: Homes in Hillsborough County had an average of 56 days on market in Nov 2024, up by 46.1% compared to last year.

Breakdown of Home Sale Times

480 Homes Were Sold
Under 30 Days

365 Homes Were Sold
In 30 - 90 Days

252 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hillsborough County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1098 homes were sold in Hillsborough County; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in Hillsborough County, FL

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