$10,000 Closing Credit*
$1,260,000
5,589 SqFt
5 Beds
•4 Full Baths, 1 Partial
Alisa Valdes, Listing Office: Samson Properties
Is Hillsboro, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hillsboro has remained a Seller's Market.
Key Takeaway
Hillsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsboro, VA
How much do homes in Hillsboro, VA cost?
Median Sold Price
$969,969
$308/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$167,531(-14.7%)
Key Takeaway
Homes in Hillsboro have sold for 14.7% less than they did a month ago.
Summary: The median home sold price in Hillsboro was $969,969 in October 2024, down 14.7% from last month, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $525K | -19.2% |
| 3 Bedrooms | $500K | $709K | +41.8% |
| 4 Bedrooms | $1.1M | $1.0M | -8.1% |
| 5+ Bedrooms | $1.8M | $1.4M | -20.2% |
Summary: Hillsboro housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 41.8%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 20.2%.
Housing Supply in Hillsboro, VA
How many homes are available in Hillsboro, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Hillsboro real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Hillsboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsboro, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hillsboro in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Hillsboro, VA
How long does it take to sell a home in Hillsboro, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 21 Days | -52.7% |
Summary: Homes in Hillsboro had an average of 21 days on market in Oct 2024, down by 52.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillsboro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Hillsboro; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
