Is Hillsborough Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsborough Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Hillsborough Township has remained a Seller's Market.

Key Takeaway

Hillsborough Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hillsborough Township, NC

How much do homes in Hillsborough Township, NC cost?

Median Sold Price

$508,800

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$62,050(+13.9%)

Key Takeaway

Homes in Hillsborough Township have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Hillsborough Township was $508,800 in November 2024, up 13.9% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $450K-
N/A
2 $337.5K$330K
-2.2%
3 $407K$440K
+8.1%
4 $586.3K$635K
+8.3%
5+ $695.6K$720K
+3.5%

Summary: Hillsborough Township 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 8.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Cities

Eno Township
+16.8%
Hillsborough Township
+13.9%
Hillsborough
+13.4%
Cheeks Township
-2.4%

Housing Supply in Hillsborough Township, NC

How many homes are available in Hillsborough Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8173-9.9%

Summary: The Hillsborough Township 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

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 57
+40.0%
3 4139
-4.9%
4 2521
-16.0%
5+ 95
-44.4%

Summary: The Hillsborough Township 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 2024Nov 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsborough Township, 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 Township 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 Township, NC

How long does it take to sell a home in Hillsborough Township, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
90 Days41 Days-53.9%

Summary: Homes in Hillsborough Township had an average of 41 days on market in Nov 2024, down by 53.9% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 16 homes were sold in Hillsborough Township; 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.

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

Report Updated 18 Days Ago

Newest Listings in Hillsborough Township, NC

Nearby Markets to Hillsborough Township, NC

What housing markets are near Hillsborough Township, NC?