$10,000 Closing Credit*
$1,300,000
3,129 SqFt
4 Beds
•3 Full Baths, 1 Partial
Angie Cole, Pam McLemore, Listing Office: LPT Realty LLC
Is Hillsborough, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$512,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,333(+13.4%)
Key Takeaway
Homes in Hillsborough have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Hillsborough was $512,000 in November 2024, up 13.4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | - | N/A |
| 2 Bedrooms | $337.5K | $330K | -2.2% |
| 3 Bedrooms | $407.2K | $444.5K | +9.1% |
| 4 Bedrooms | $618K | $640K | +3.6% |
| 5+ Bedrooms | $695.6K | $720K | +3.5% |
Summary: Hillsborough housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Eno Township | $600K | $700.6K | +16.8% |
| Hillsborough Township | $446.7K | $508.8K | +13.9% |
| Hillsborough | $451.6K | $512K | +13.4% |
Housing Supply in Hillsborough, NC
How many homes are available in Hillsborough, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 73 | -9.9% |
Summary: The Hillsborough real estate market had 73 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 41 | 39 | -4.9% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 9 | 5 | -44.4% |
Summary: The Hillsborough housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Hillsborough in November 2024, down by 23.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 92 Days | 41 Days | -55.1% |
Summary: Homes in Hillsborough had an average of 41 days on market in Nov 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 16 homes were sold in Hillsborough; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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