Welcome to Hillsboro, Oregon real estate market update! As a fast-growing city and home to major employers like Intel and Nike, Hillsboro—along with nearby Beaverton and Northwest Portland—remains a top choice for professionals and families alike. In this post, I’ll break down the latest market trends based on last week’s data, including active listings, pending sales, and sold properties. Whether you’re buying, selling, or investing, this overview will give you a clear picture of what’s happening in Hillsboro’s housing market as of March 21, 2025.
Hillsboro Real Estate Market Snapshot
Let’s dive into the numbers from last week:
- Active Listings: 23 homes at $329 per square foot
- Pending Sales: 18 homes at $308 per square foot
- Sold Properties: 13 homes at $316 per square foot
What do these figures tell us? The higher price per square foot for active listings compared to sold homes suggests that sellers and listing agents are still optimistic about pricing. However, the slight downward in pending prices ($308/sq ft) compared to sold prices ($316/sq ft) could indicate either a declining market or some overpricing at the listing stage. In certain neighborhoods, I’m seeing price reductions of 30–50% on active listings, which highlights the importance of pricing your home competitively from the start to avoid multiple price cuts.
Sold Homes: Highs, Lows, and Averages
Here’s a quick look at the sold homes in Hillsboro last week:
- Highest Sale: $837,500
- Lowest Sale: $440,000 (single-family home)
- Average Sold Price: ~$680,000
- Median Sold Price: Just under $600,000
The range reflects Hillsboro’s diversity in housing options, from starter homes to larger family properties. Let’s explore some of the standout listings and trends.
What’s Selling in Hillsboro?
Affordable Starter Homes
For first-time buyers, there are some great options. A 2-bedroom, 1-bath home sold for $399,000—an excellent deal for a starter home. Another option at $450,000 in the Pinewood neighborhood offers a solid choice for those looking for newer (but not brand-new) homes. These properties are ideal if you’re entering the market or downsizing.
Brand-New Homes
South of Reed’s Crossing, brand-new homes are hitting the market at around $500,00 for 1,500 square feet. These are perfect for first-time buyers who want low-maintenance living. HOA fees here are about $100/month, which includes front yard maintenance—a key perk to look for when evaluating HOA costs. Prices for new construction climb to around $550,000 for larger homes (up to 2,660 sq ft), offering more space for growing families.
Resale Homes
Resale properties offer value too. A 5-bedroom, 3-bath, 2,565 sq ft home went for $630,000—great for larger families. Single-level homes are especially hot right now, with a 1,600 sq ft option on 0.2 acres selling for $650,000. Baby Boomers love these layouts for their accessibility, driving demand and prices up by roughly $80,000–$120,000 compared to two-story homes.
Luxury and Unique Properties
On the higher end, a 3,700 sq ft home on 0.43 acres sold for $843,500—a beautiful property with a spacious lot. Another standout was a 5,000 sq ft home built in 2001, listed at $1.5 million, featuring a quarter-acre lot and a nice driveway. These larger homes cater to buyers seeking space and custom features.
Pending Sales: What’s in the Pipeline?
Pending homes give us a sneak peek at where the market’s headed. Highlights include:
- A 1,300 sq ft home for $440,000
- A 1915-built farmhouse-style home at $450,000 with a 0.2-acre lot
- A massive 3,600 sq ft home pending at $574,000
- A nearly $1 million pending sale for a 2,300 sq ft, 2017-built home
The mix of older homes, new builds, and resale properties shows Hillsboro’s broad appeal. However, some sellers who bought at peak prices in 2023 are struggling. I recently spoke with a homeowner losing $1,500/month on a rental after a job relocation forced a sale—proof that timing and pricing are critical.
Key Trends to Watch
- Single-Level Homes Are King: New and resale one-story homes are commanding premiums, especially among Baby Boomers. A brand-new single-level home sold for $760,000, while another hit $744,000—pricey but highly sought after.
- Three-Level Homes Struggle: Builders are finding it tough to move three-story homes, likely due to inconvenience of 3 level with kitchen on the second floor.
- HOA Considerations: Always check what’s included in HOA fees. At $100/month with front yard maintenance, it’s a win—but if it doesn’t cover upkeep, dig deeper.
- Older Homes: For 1990s builds (now 25+ years old), check the HVAC, roof, and mechanicals—many are nearing the end of their lifespan. As a buyer, knowing big ticket repair items in the near future might occur would be the key. As a seller, assessing the current condition of these repair items, and finding an optimum solution rather than installing new systems or new roof. This is Ware consulting with local risk expert can make the difference. Give us a call if you would like a free 30 minute consultation 503-515-4499.
Final Thoughts
The Hillsboro real estate market is dynamic, with options for every buyer—from affordable starter homes to luxury properties. Pricing remains a balancing act: list too high, and you’ll face reductions; price it right, and you’ll move fast. Whether you’re curious about your home’s value, looking to buy, or considering an investment, feel free to reach out for personalized advice.
Have questions about the Hillsboro, Oregon housing market? Drop a comment below, give me a call, or subscribe for more weekly updates. Thanks for reading and watching—see you next time!
Shawn Realty 