Hillsboro, OH Real Estate Market Activity Report
People are asking, what is going on with the real estate market? Is this a good time to sell? Is this a good time to buy? How much is my home worth? These are questions we hear every day. It would be beneficial to share some data that might help answer some of these questions and inform you about what the local market is doing.
This article will hit the high points of the market activity report. Make sure to download the full report at the bottom of this page. As always, feel free to contact us if you have any questions about real estate.
Estimated Home Values For Hillsboro
The median estimated home value for Hillsboro, OH, 45133, is $175,000. That is down 3.24% over the past month and 7.61% over the last three months.
Hillsboro Sales Prices
The median sales price for homes in Hillsboro is $124,000. That is down 19.02% over the past month, 31.37% over the last three months, 41.25% over the past twelve months, and 7.07% over the past twenty-four months.
Hillsboro Median List Price
The median list price for homes in Hillsboro is $190,000. This is up 35.64% over the last month, 26.68% over the previous three months, 91.82% over the past twelve months, and 92.01% over the past twenty-four months.
Where is the market heading?
With the median sales price declining steadily, home values have declined. Home values are still up 5.56% over a year ago, but the trend is heading lower. Because of low-interest rates and low inventory over the past twenty-four months, home values have increased to historic levels. The trend we see now is simply a correction to a market that has been too hot.