DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through Sep 2026
Hillsborough is a balanced market, but competition has been picking up. Here's where things stand:
Based on 33 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through September 2026
See how prices, monthly costs, and mortgage rates have moved in Hillsborough.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
The median sale price in Hillsborough is $6.55M — up 23% from $5.33M in October 2021. Over that stretch, the median peaked at $7.25M in April 2026 and bottomed at $4.15M in December 2022. That puts today's price about 19% above the area's 5-year average of $5.50M. Hillsborough averages only about 10 sales a month, so these swings partly reflect which specific homes happened to sell — treat the long-run direction as rough, not precise.
What buyers actually pay has moved more than the sticker price suggests: a typical monthly payment (20% down, principal & interest) is about $34,951 today, up 91% from $18,284 in October 2021. Most of that increase comes from mortgage rates (3.1% then vs. 7.0% now), not prices — at October 2021 rates, today's median would run about $22,479/mo.
Seasonally, the three months ending in June have been the busiest stretch for closings in Hillsborough over the past 5 years (about 36 sales in that window on average, vs. 21 for the stretch ending in February), while competition has run hottest in the stretch ending in May (42% of homes selling over asking on average). That's an average across just 5 observations per month, so treat it as a tendency, not a rule.
Hillsborough is balanced but competition is picking up. It remains a reasonable environment for buyers, though acting decisively on well-priced homes is becoming more important.
At $6.55M, Hillsborough's median is roughly 4 times the Bay Area median of $1.77M. Hillsborough sits at the very top of the regional market.
Hillsborough is a balanced market where neither side dominates:
Buyer strategy: contingencies are more accepted, and there is time to tour and negotiate without extreme pressure.
At $6.55M with 20% down at 7.4%, the monthly cost breakdown:
Most buyers at this tier pay a meaningful share in cash, which reduces monthly carrying costs.
→“Mel did an amazing job helping us buy our first home. When we first met her, we had done literally zero of the steps needed to buy a house, and 28 days later we closed.”
“I work in commercial real estate with many different agents and I can proudly say that Mel is above the rest.”
“Working with Mel was the best decision I made in my home-buying journey. She was incredibly patient, taking the time to explain every detail of the process to me.”
“Mel did an incredible job helping me find and purchase my first home! She was very responsive, professional, and knowledgeable.”
“Working with Mel was a fantastic experience from start to finish. We were immediately impressed by her active listening and her ability to translate our needs.”
I read every message and usually reply the same day.
