Is Hillsboro Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hillsboro Township has remained a Seller's Market.
Housing Prices in Hillsboro Township, IL
How much do homes in Hillsboro Township, IL cost?
Median Sold Price
$125,000
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hillsboro Township was $125,000 in May 2024, up 56.3% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $6.5K | $51K | +684.6% |
2 Bedrooms | $63K | $51.5K | -18.3% |
3 Bedrooms | $91.5K | $160K | +74.9% |
4 Bedrooms | $209.9K | $95K | -54.7% |
5+ Bedrooms | $273.7K | $347.5K | +26.9% |
Summary: Hillsboro Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 684.6%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 74.9%, 4 bedroom homes decreased by 54.7%, and 5+ bedroom homes increased by 26.9%.
Median Sold Price Compared To Nearby Cities
Hillsboro Township | $80K | $125K | +56.3% |
Hillsboro | $90.7K | $127.5K | +40.5% |
Housing Supply in Hillsboro Township, IL
How many homes are available in Hillsboro Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Summary: The Hillsboro Township real estate market had 24 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hillsboro Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hillsboro Township in May 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Hillsboro Township, IL
How long does it take to sell a home in Hillsboro Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 30 Days | -0.1% |
Summary: Homes in Hillsboro Township had an average of 30 days on market in May 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Hillsboro Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.