$2,945 Closing Credit*
$248,000
1,231 SqFt
3 Beds
•2 Full Baths
Jay A Jackson, Listing Office: Coldwell Banker HPW
Is Hillsborough, NC 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, Hillsborough has remained a Seller's Market.
Key Takeaway
Hillsborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsborough, NC
How much do homes in Hillsborough, NC cost?
Median Sold Price
$521,633
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$82,673(+18.8%)
Key Takeaway
Homes in Hillsborough have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Hillsborough was $521,633 in October 2024, up 18.8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | - | N/A |
| 2 Bedrooms | $334K | $340K | +1.8% |
| 3 Bedrooms | $400.5K | $450K | +12.4% |
| 4 Bedrooms | $610K | $630K | +3.3% |
| 5+ Bedrooms | $695K | $745K | +7.2% |
Summary: Hillsborough housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Hillsborough Township | $434.7K | $517.2K | +19.0% |
| Hillsborough | $438.9K | $521.6K | +18.8% |
| Eno Township | $615K | $700K | +13.8% |
Housing Supply in Hillsborough, NC
How many homes are available in Hillsborough, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 86 | +6.2% |
Summary: The Hillsborough real estate market had 86 homes for sale in October 2024, a 6.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Hillsborough housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Hillsborough in October 2024, up by 23.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.
Days on Market for Hillsborough, NC
How long does it take to sell a home in Hillsborough, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 55 Days | +10.4% |
Summary: Homes in Hillsborough had an average of 55 days on market in Oct 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Hillsborough; 57% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.