HILLSBOROUGH AREA HOUSING MARKET DATA

There was an increase in total units sold in May, with 31 sold this month in Hillsborough Area Real Estate versus 26 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024.

Versus last year, the total number of homes available this month is higher by 32 units or 43%. The total number of active inventory this May was 106 compared to 74 in May 2024. This month's total of 106 is lower than the previous month's total supply of available inventory of 115, a decrease of 8%.

Last May, the median sale price for Hillsborough Area Homes was $450,000. This May, the median sale price was $530,000, an increase of 18% or $80,000 compared to last year. The current median sold price is 7% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 3.4 months of supply available in Hillsborough Area, compared to 2.2 in May 2024. That is an increase of 52% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 49 homes newly listed for sale in Hillsborough Area compared to 53 in May 2024, a decrease of 8%. There were 45 current contracts pending sale this May compared to 36 a year ago. The number of current contracts is 25% higher than last May.

In May, the average sale price in Hillsborough Area was 99.5% of the average list price, which is 2.2% lower than at this time last year.

This month, the average number of days on market was 25, lower than the average last year, which was 31, a decrease of 19%.





FOCUS ON: HILLSBOROUGH AREA HOUSING MARKET			MAY 2025

Zip Code(s): 27278, 27243 and 27231
Units Sold 31	Active Inventory 106	Median Sale Price $530,000	Days On Market 25

Down -6% Vs. Year Ago	Up 43% Vs. Year Ago	Up 18% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 31 sold this month in Hillsborough Area Real Estate versus 26 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 32 units or 43%. The total number of active inventory this May was 106 compared to 74 in May 2024. This month's total of 106 is lower than the previous month's total supply of available inventory of 115, a decrease of 8%.
		Median Sale Price Last May, the median sale price for Hillsborough Area Homes was $450,000. This May, the median sale price was $530,000, an increase of 18% or $80,000 compared to last year. The current median sold price is 7% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 45	Sold Vs. List Price 99.5%	Months of Supply 3.4

Down -8% Vs. Year Ago	Up 25% Vs. Year Ago	Down -2.2% Vs. Year Ago	Up 53% Vs. Year Ago


		Months of Supply In May, there was 3.4 months of supply available in Hillsborough Area, compared to 2.2 in May 2024. That is an increase of 52% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 49 homes newly listed for sale in Hillsborough Area compared to 53 in May 2024, a decrease of 8%. There were 45 current contracts pending sale this May compared to 36 a year ago. The number of current contracts is 25% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Hillsborough Area was 99.5% of the average list price, which is 2.2% lower than at this time last year. Days on Market This month, the average number of days on market was 25, lower than the average last year, which was 31, a decrease of 19%.


	Hillsborough Area are defined as properties listed in zip code/s 27278, 27243 and 27231.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.