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Market Pulse

Hillsborough market insights

A local market update for All Residential, refreshed monthly with Redfin housing market data.

Monthly market wrap

MONTHLY MARKET WRAPHillsboroughAll home types · May 2026Hillsborough held steady in May: the keymarket signals were mixed.Median sale price$5.8M▼ -32.3% vs AprTime to pending13deven with AprSold over asking80%▲ +51 pts vs AprActive listings18▲ +5.9% vs AprGenerated by ListingCopilot.ioSource: Redfin housing market data

Sale price vs asking

SALE PRICE VS ASKINGHillsboroughAll home types · May 2026Bidding wars are the norm inHillsborough: 80% of homes sold overasking.105.9%average sale price vs. asking priceSold over asking80%vs. a year ago+40 pts103.2%100.0%96.9%Sold at asking price105.9%Jun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

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The negotiation gap

THE NEGOTIATION GAPHillsboroughAll home types · May 2026Hillsborough homes are closing +5.9%above asking. The list price is thefloor, not the ceiling.-$195Kmedian sale price minus asking priceMedian asking price$6MMedian sale price$5.8M$11M$8.35M$5.82MSoldAskingJun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

Median sale price

MEDIAN SALE PRICEHillsboroughAll home types · May 2026Hillsborough home values are climbing,up +13.2% in a year.$5.8Mmedian sale priceYear over year+13.2%Homes sold last month15$6.57M$5.49M$4.41M$5.8MJun 2019Dec 2022May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

Time to sell

TIME TO SELLHillsboroughAll home types · May 2026Hillsborough homes are flying off themarket in 13 days.13 daysmedian time to pendingGone within two weeks64%vs. a year agounchanged78d52d26d13dJun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

Active listings

ACTIVE LISTINGSHillsboroughAll home types · May 2026Hillsborough inventory is down 43.8%year over year, keeping buyer choicetight.18active listingsYear over year-43.8%Months of supply1.228211418Jun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

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Price cuts

PRICE CUTSHillsboroughAll home types · May 202617% of Hillsborough listings cut theirasking price last month, down 5 pts froma year ago.17%of active listings cut their asking pricevs. a year ago-5 ptsActive listings1833%24%15%17%Jun 2024May 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

The two-speed market

THE TWO-SPEED MARKETHillsboroughAll home types · May 202664% of Hillsborough homes went pendingwithin two weeks. Priced-right listingsdo not wait.64%of listings went pending within two weeksMedian time to pending13 daysvs. a year ago+14 pts57%36%15%Half of listings64%Jun 2024Jun 2025May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

Best month to buy

BEST MONTH TO BUYHillsboroughAll home types · May 2026December is historically Hillsborough'scalmest month for buyers: 3.3 pts lessover-asking than May.Decemberhistorically the calmest month for buyersBuyer's edge vs May-3.3 ptsYears of Redfin data11+Yearly averageJFMAMJJASOND-1.4 ptsBars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.ioSource: Redfin housing market data

10-year price growth

WAITING HAS A PRICEHillsboroughAll home types · May 2026A Hillsborough home bought in 2016 hasgained +53% in value since.+53%median sale price growth since 2016Median price in 2016$3.8MAverage gain per year+4.3%$5.74M$4.89M$4.03M$5.8MMay 2016May 2021May 2026Generated by ListingCopilot.ioSource: Redfin housing market data

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