$3,205 Closing Credit*
$269,900
2,484 SqFt
5 Beds
•5 Full Baths, 1 Partial
Listing Office: Century 21 Reid Baugher Realty
Is Hillsboro, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Hillsboro has remained a Seller'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, IL
How much do homes in Hillsboro, IL cost?
Median Sold Price
$125,000
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-1.6%)
Key Takeaway
Homes in Hillsboro have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Hillsboro was $125,000 in October 2024, down 1.6% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $28.7K | $40K | +39.1% |
| 2 Bedrooms | $63K | $59K | -6.3% |
| 3 Bedrooms | $160K | $152.5K | -4.7% |
| 4 Bedrooms | $182.4K | $133.9K | -26.6% |
| 5+ Bedrooms | $173.5K | $420K | +142.1% |
Summary: Hillsboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes increased by 142.1%.
Housing Supply in Hillsboro, IL
How many homes are available in Hillsboro, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Hillsboro real estate market had 18 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 3 | -62.5% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hillsboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 62.5%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsboro, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hillsboro in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Hillsboro, IL
How long does it take to sell a home in Hillsboro, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 77 Days | 38 Days | -50.2% |
Summary: Homes in Hillsboro had an average of 38 days on market in Oct 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hillsboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Hillsboro; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.