Masha Halpern's Market Report

Hillsborough, NC

Single-Family Homes

Boutique Real Estate at Keller Williams Realty | Masha@MashaHalpern.com



Hillsborough, NC

Wed Oct 23 2019
This week the median list price for Hillsborough, NC is $414,900 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 75. Click here to stay informed with the Hillsborough market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Hillsborough, NC

Wed Oct 23 2019
This week the median list price for Hillsborough, NC is $414,900 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 75. Click here to stay informed with the Hillsborough market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Hillsborough market.
Median List Price $414,900
Per Square Foot $171
Days on Market 152
Price Decreased 47%
Price Increased 4%
Relisted 13%
Inventory 75
Median House Rent $1,225
Most Expensive $1,695,000
Least Expensive $125,000
Market Action Index
Slight Seller's Advantage
37

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$828,749 4,590 10 - 20 acres 4 4 13 0 1 204
$464,900 3,089 0.5 - 1 acre 4 3 12 2 0 100
$373,700 1,929 0.25 - 0.5 acre 3 3 3 2 2 216
$236,000 1,473 0.5 - 1 acre 3 2 59 3 6 88