Hillsborough, CA Homes for Sale

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Hillsborough, CA Real Estate Market Overview

  • $5.25M

    Median Sale Price
  • $1.35K

    Median Sale Price per Sq. Ft.
  • 7

    Total Homes Sold
  • 50

    Median Days on Market

Hillsborough, CA Housing Market Trends

Welcome to Hillsborough, a town where the housing market mirrors the elegance and prestige of its neighborhoods. If you're eyeing a move to Hillsborough or keeping an eye on the market trends, this is your essential guide.

Current Market Overview

As of October 2023, Hillsborough's housing market offers a robust picture:

  • Market Health: The market is somewhat competitive, reflecting a healthy balance for buyers and sellers.
  • Sales Dynamics: Homes are selling in about 50 days, slightly more than last year's 46 days, indicating a stable market pace.
  • Price Trends: The median sale price is an impressive $5.3 million, up a significant 15.4% from last year. This uptrend signals robust demand and a flourishing market.
  • Value Per Square Foot: The median sale price per square foot stands at $1.35K, showing a healthy 9.6% increase from the previous year.

Migration and Relocation Insights

The movement of people to and from Hillsborough is a critical element of the market dynamics:

  • Outbound Interest: About 23% of Hillsborough residents are looking to move, with a majority (77%) staying within the metropolitan area.
  • Inbound Dynamics: Hillsborough draws 3% of homebuyers from outside metro areas, notably from Ukiah, Bloomington, and State College.
  • Popular Relocation Destinations: For those moving out of Hillsborough, Sacramento, Los Angeles, and Seattle are top choices.

What This Means for Potential Buyers and Sellers

Whether you're considering purchasing a luxury home in Hillsborough or selling your current property, understanding these market trends is crucial. The competitive nature of the market, combined with significant price increases, indicates a strong demand for premium properties in this exclusive area.

Your Next Step in Hillsborough's Market

If you're planning to explore the real estate opportunities in Hillsborough, or have questions about the current market trends, feel free to contact me. As a real estate expert specializing in this area, I'm here to guide you through the nuances of this exclusive market and help you find a home that aligns with your lifestyle and aspirations. Get in touch today to begin your journey in the prestigious Hillsborough community.

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