Hillsborough, NJ August 1, 2011 – Hillsborough’s home resale inventories stayed the same, with a 0 percent change since July 2011. Distressed properties such as foreclosures and short sales increased as a percentage of the total market in August. The median listing price in Hillsborough went down from July to August. There were a total of 1 price increases and 60 price decreases.
Hillsborough, NJ Market Snapshots
| Today | 1 Month Ago | 6 Months Ago | 1 Year Ago | 2 Years Ago | |
| Total Inventory | 310 | 311 | 232 -25% | 248 -20% | - |
| Median List Price | $350,000 | $369,000 5% | $399,900 14% | $395,000 13% | - |
|
% Distressed
|
5% | 3% | 2% | 1% | - |
| Median Days on Market |
91 | 83 -9% | 101 11% | 83 -9% | - |
| Median House Size | 3114 | 3114 | 3017 -3% | 3452 11% | - |
| Median Price Per Sq. Ft. |
$197 | $199 1% | $196 -1% | $197 | - |
| Today | 1 Month Ago | 6 Months Ago | 1 Year Ago | 2 Years Ago | |
| Total Inventory | 184 | 196 7% | 148 -20% | 153 -17% | - |
| Median List Price | $499,900 | $479,900 -4% | $549,000 10% | $519,900 4% | - |
|
% Distressed
|
1% | - | - | 1% | - |
| Median Days on Market |
94 | 84 -11% | 116 23% | 85 -10% | - |
| Median House Size | 3258 | 3350 3% | 3258 | 3615 11% | - |
| Median Price Per Sq. Ft. |
$197 | $199 1% | $196 -1% | $198 1% | - |
| Today | 1 Month Ago | 6 Months Ago | 1 Year Ago | 2 Years Ago | |
| Total Inventory | 126 | 115 -9% | 84 -33% | 95 -25% | - |
| Median List Price | $234,900 | $239,500 2% | $239,900 2% | $249,900 6% | - |
|
% Distressed
|
11% | 8% | 5% | 1% | - |
| Median Days on Market |
85 | 83 -2% | 63 -26% | 68 -20% | - |
| Median House Size | 1580 | 1515 -4% | 1376 -13% | 1400 -11% | - |
| Median Price Per Sq. Ft. |
$201 | $177 -12% | $203 1% | $190 -5% | - |
*** Source Movoto
