Search homes for sale in Hillsborough, CA with The Sternsmith Group.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In May 2025, Hillsborough’s median home price declined by 10.1% year-over-year to $5.1M, reflecting a market correction at the ultra-luxury level. Despite the price drop, buyer demand remains strong, with homes selling significantly faster—averaging just 13 days on the market compared to 23 days last year. However, sales volume dipped slightly, with only 10 homes sold this May versus 13 a year ago, suggesting that while interest is high, limited inventory or selective buying may be shaping the pace of transactions.
Hillsborough remains a very competitive real estate market in mid-2025, with homes selling at a rapid pace—typically going pending within just 11 days. Many properties attract multiple offers, often prompting buyers to waive contingencies in order to stay competitive. On average, homes sell for about 1% above list price, signaling consistent demand even at the luxury price point. The most desirable homes—those priced well and move-in ready—can generate bidding wars and sell for up to 6% over asking within just five days. This level of buyer urgency reflects both Hillsborough’s enduring appeal and the continued scarcity of high-end inventory. For buyers, it means acting quickly and strategically; for sellers, it presents a strong opportunity to command premium pricing and favorable terms.
Hillsborough, CA is firmly in a seller’s market as of June 2025, indicating that buyer demand continues to outpace available inventory. With limited homes on the market and heightened competition among buyers—evidenced by fast-moving sales and offers above asking price—sellers hold a clear advantage when it comes to pricing and negotiation. This dynamic has led to shortened market times and aggressive offer strategies, including waived contingencies and flexible closing terms. For prospective buyers, navigating this market requires swift decision-making and strong financing, while sellers benefit from elevated interest and the potential to maximize returns in a high-demand environment.
For detailed, up-to-date information on buying/selling a house in Hillsborough, CA, including legal considerations and market trends, you can talk to us.
Homes in Hillsborough are known for being on the higher end of the real estate market, catering to affluent buyers. Current listings show that prices typically range from around $4 million to as high as $68 million, depending on the property size, amenities, and location. For example, a 5-bedroom home may be priced around $4.99 million, while larger estates, such as an 8-bedroom luxury mansion, can be listed at $68 million. This broad price range reflects the premium real estate market in Hillsborough, where expansive lots and high-end architectural features are common.
Hillsborough is well-known for its strict zoning regulations, which are designed to maintain the town’s prestigious and spacious character. These rules require that homes be a minimum of 2,500 square feet in size, ensuring that properties offer ample living space. Additionally, lots must be at least half an acre (21,780 square feet), contributing to the open, luxurious feel of the community. These guidelines help preserve the exclusive, low-density nature of Hillsborough, where privacy and large estates are the norm.
Living in Hillsborough offers a luxurious, tranquil lifestyle with a strong focus on privacy and space. The town is primarily residential, with beautifully landscaped properties and a peaceful, suburban atmosphere. Outdoor enthusiasts will appreciate the proximity to Crystal Springs Park, where they can enjoy hiking trails, scenic views, and other outdoor activities. Although Hillsborough doesn’t have commercial areas, nearby Burlingame and San Mateo provide a variety of shopping, dining, and entertainment options. Additionally, San Francisco is only a short drive away, offering world-class amenities, cultural experiences, and urban conveniences.
The time homes spend on the market in Hillsborough can vary depending on factors such as pricing, property condition, and overall demand in the market. Due to Hillsborough's reputation for luxury real estate and limited availability, well-priced homes often sell relatively quickly. In general, appropriately priced homes tend to move faster because of the town’s desirable location and exclusive properties. While specific data isn’t provided here, it's a good idea to keep an eye on market trends or consult with a local real estate agent for up-to-date statistics on average days on the market.
The relationship between list price and sale price in Hillsborough can depend on market conditions, the desirability of the property, and current demand. In some cases, homes may sell for close to or at the listing price, particularly if they are priced accurately for the market. In a competitive situation, certain homes may even sell for above the asking price, especially if they are highly desirable or attract multiple offers. This ratio can fluctuate over time, so for the most accurate and current data, it’s best to work with a local real estate agent who can provide insights into list-to-sale price trends specific to Hillsborough.
No, you do not need a permit to hold an estate sale or garage sale in Hillsborough. However, it’s essential for residents to ensure that traffic flow is not obstructed and that their event does not disrupt the neighborhood. Being mindful of local regulations and considerate of neighbors is important when planning a sale, especially in a community like Hillsborough, where privacy and neighborhood aesthetics are valued. If you are unsure about specific guidelines or best practices for holding a sale, you may want to contact local authorities or neighborhood associations for further advice.
Whether you're looking to find your dream home or considering selling your property, our team is ready to assist you. With deep local knowledge and years of experience in Hillsborough, we’ll provide you with the insights and support needed to make informed decisions. Reach out to us today for a no-obligation consultation and let us help you achieve your real estate goals!
Discover what makes Hillsborough such a special place to call home. Explore our in-depth Hillsborough neighborhood guide for everything you need to know about the area’s luxury homes, top amenities, and lifestyle offerings. Dive in now and get a glimpse of the premier real estate opportunities awaiting you in this prestigious community!
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