Masha Halpern's Market Report

Hillsborough, NC

Single-Family Homes

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



Hillsborough, NC

Mon Jun 17 2019
This week the median list price for Hillsborough, NC is $430,750 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 78. Click here to stay informed with the Hillsborough market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Hillsborough, NC

Mon Jun 17 2019
This week the median list price for Hillsborough, NC is $430,750 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 78. Click here to stay informed with the Hillsborough market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Hillsborough market.
Median List Price $430,750
Per Square Foot $174
Days on Market 151
Price Decreased 37%
Price Increased 8%
Relisted 1%
Inventory 78
Median House Rent $1,500
Most Expensive $1,695,000
Least Expensive $63,500
Market Action Index
Slight Seller's Advantage
37

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$795,000 3,926 10 - 20 acres 4 4 13 0 0 156
$489,000 3,316 0.5 - 1 acre 4 3 14 3 4 86
$377,400 2,194 8,000 - 10,000 sqft 3 3 0 3 5 204
$257,500 1,613 0.5 - 1 acre 3 2 38 1 5 154