Hillsboro Beach, FL Luxury Real Estate for Sale

Hillsboro Beach, FL Luxury Real Estate Market Trends

Current Home Costs in Hillsboro Beach, FL

As of the last 12 months, the median list price for homes in Hillsboro Beach stands at $688,788, with a rate of $514 per square foot.

Pricing Trends: A Year-Over-Year Review

From September 2022 to September 2023, there was a slight dip in the median list price by $10,212, accounting for a -1.5% change. This indicates a marginal decrease in home prices within the area over the past year.

Key Takeaway:

Despite the general upscale nature of the market, the list price of homes in Hillsboro Beach observed a modest decline of 1.5% year-over-year.

Breakdown by Bedroom Count

In September 2023, varying trends were noted across different home types in Hillsboro Beach:

• 1 Bedroom: An increase from $295K to $325K, marking a +10.2% change.
• 2 Bedrooms: A slight rise from $590K to $599K, indicating a +1.5% uptick.
• 3 Bedrooms: Prices went up from $1.1M to $1.2M, showing a +8.0% increase.
• 4 Bedrooms: No available data for comparison; changes are N/A.
• 5+ Bedrooms: No available data; changes are N/A.

This summary suggests an overall increasing trend in home prices, particularly in properties with fewer bedrooms.

Comparative Analysis with Nearby Cities

A comparison with nearby cities from September 2022 to September 2023 shows:

• Lighthouse Point: Experienced a significant price surge from $627.9K to $812.4K, a +29.4% increase.
• Deerfield Beach: Prices rose from $289.9K to $324.9K, marking a +12.1% hike.
• Hillsboro Beach: Contrary to neighboring areas, there was a minor reduction from $699K to $688.7K, a -1.5% drop.

These trends indicate that while there's robust growth in nearby markets, Hillsboro Beach presents a slight contraction.