Hillsborough Market Report Hillsborough Market Report | Page 2

Closed Sales
Monthly
Market Detail- March 2025 Single-Family Homes Hillsborough County
Summary Statistics
March 2025
March 2024
Percent Change Year-over-Year
Closed Sales Paid in Cash
1,377 1,272 8.3 % 299 260 15.0 %
Median Sale Price $ 415,000
$ 427,748-3.0 %
Average Sale Price Dollar Volume
$ 527,835 $ 562,236-6.1 % $ 726.8 Million $ 715.2 Million 1.6 %
Median Percent of Original List Price Received
97.1 % 97.3 %-0.2 %
Median Time to Contract 35 Days 29 Days 20.7 %
Median Time to Sale
74 Days
69 Days
7.2 %
New Pending Sales New Listings
1,545 1,998
1,512 2.2 %
1,806 10.6 %
Pending Inventory 1,860 Inventory( Active Listings) 4,566 Months Supply of Inventory 3.6
2,029-8.3 % 3,419 33.5 % 2.7 33.3 %

Closed Sales

The number of sales transactions which closed during the month
Economists ' note: Closed Sales are one of the simplest— yet most important— indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales( and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes( i. e. comparing a month ' s sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
3,252
-2.0%
March 2025
1,377
8.3 %
February 2025
1,050
-9.8%
January 2025
825
-6.5%
December 2024
1,245
17.0 %
November 2024
979
-7.6%
October 2024
1,114
-4.9%
September 2024
1,066
-17.7%
August 2024
1,459
3.0 %
July 2024
1,452
5.4 %
June 2024
1,387
-16.2%
May 2024
1,663
3.2 %
April 2024
1,410
-3.0%
March 2024
1,272
-17.8%
2,500
2021 2022 2023 2024
2,000
1,500
1,000 500
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, April 24, 2025. Next data release is Thursday, May 22, 2025.