$189,000
1.30 Acres
Land
Listing Office: WEICHERT REALTORS
Is Hillsborough Township, NJ 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 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
$570,700
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,450(+10.5%)
Key Takeaway
Homes in Hillsborough Township have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Hillsborough Township was $570,700 in October 2024, up 10.5% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225.5K | $256K | +13.5% |
| 2 Bedrooms | $379K | $410K | +8.2% |
| 3 Bedrooms | $515K | $530K | +2.9% |
| 4 Bedrooms | $750K | $820.5K | +9.4% |
| 5+ Bedrooms | $817.5K | $1.0M | +29.7% |
Summary: Hillsborough Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Branchburg Township | $550.5K | $615K | +11.7% |
| Hillsborough | $517.5K | $573.6K | +10.9% |
| Hillsborough Township | $516.2K | $570.7K | +10.5% |
Housing Supply in Hillsborough Township, NJ
How many homes are available in Hillsborough Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 150 | +10.3% |
Summary: The Hillsborough Township real estate market had 150 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 9 | +80.0% |
| 2 Bedrooms | 32 | 44 | +37.5% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 50 | 45 | -10.0% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Hillsborough Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsborough Township, you could pay more than the asking price. 67.6% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Hillsborough Township in October 2024, up by 2.8% month-over-month. Of the 37 sold homes, 27% were sold under asking, 5% were sold at asking, and 68% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 44 Days | +36.5% |
Summary: Homes in Hillsborough Township had an average of 44 days on market in Oct 2024, up by 36.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hillsborough Township has remained consistent over time.
Summary: During October 2024, 37 homes were sold in Hillsborough Township; 5% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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