$4,986 Closing Credit*
$419,900
2 Beds
•2 Full Baths, 1 Partial
Listing Office: SKY BROOK REALTY LLC
Is Hillsborough Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, NJ
How much do homes in Hillsborough Township, NJ cost?
Median Sold Price
$590,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$71,250(+13.7%)
Key Takeaway
Homes in Hillsborough Township have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Hillsborough Township was $590,000 in December 2024, up 13.7% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $256K | +10.1% |
| 2 Bedrooms | $394K | $410K | +4.1% |
| 3 Bedrooms | $520K | $550K | +5.8% |
| 4 Bedrooms | $750K | $825K | +10.0% |
| 5+ Bedrooms | $900K | $1.1M | +24.4% |
Summary: Hillsborough Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Hillsborough Township | $518.7K | $590K | +13.7% |
| Hillsborough | $520.5K | $590K | +13.3% |
| Neshanic Station | $660.4K | $730K | +10.5% |
| Branchburg Township | $577K | $615K | +6.6% |
Housing Supply in Hillsborough Township, NJ
How many homes are available in Hillsborough Township, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 123 | 108 | -12.2% |
Summary: The Hillsborough Township real estate market had 108 homes for sale in December 2024, a 12.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 41 | 40 | -2.4% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 32 | 24 | -25.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Hillsborough Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 27 | 41 | +51.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough Township, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Hillsborough Township in December 2024, up by 51.9% month-over-month. Of the 41 sold homes, 27% were sold under asking, 22% were sold at asking, and 51% were sold over asking.
Days on Market for Hillsborough Township, NJ
How long does it take to sell a home in Hillsborough Township, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 94 Days | 27 Days | -70.9% |
Summary: Homes in Hillsborough Township had an average of 27 days on market in Dec 2024, down by 70.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsborough Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 41 homes were sold in Hillsborough Township; 12% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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