With only 2.0 months of inventory, Hillsboro remains a seller's market. The median home price in Hillsboro currently stands at $207,500. With 2.0 months of supply, Hillsboro's inventory levels remain relatively tight. Homes are taking about 42 days to sell, which is NaN days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hillsboro market with the affordability index at 2964.3. Based on current market indicators, home prices in Hillsboro are projected to increase by approximately 25.5% over the next month.
Hillsboro, AL has a total population of 578 residents. African American residents comprise 95.5% of the community. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Hillsboro, AL.
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