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Monday, April 21, 2025

Hillsborough home prices fall in March 2017

Realestate2

The median sale price of a home sold in March 2017 in Hillsborough fell by $240,000 while total sales increased by 50%, according to BlockShopper.com.

In March 2017, there were 12 homes sold, with a median sale price of $3,610,000 - a 6.2% decrease over the $3,850,000 median sale price for the same period of the previous year. There were eight homes sold in Hillsborough in March 2016.

The median sales tax in Hillsborough for the most recent year with available data, 2015, was $24,221, approximately 0.7% of the median home sale price for March 2017.

The following table compares Hillsborough to other San Mateo County cities with similar median sales prices in March 2017:

CityMar. 2017 Home SalesMar. 2016 Home Sales% change (Total Home Sales)Mar. 2017 Median Sales PriceMar. 2016 Median Sales Price% change (Median Sales Price)
Atherton37-57.1%$5,315,000$4,250,00025.1%
Woodside29-77.8%$4,457,500$5,650,000-21.1%
Hillsborough12850%$3,610,000$3,850,000-6.2%
Menlo Oaks110%$3,190,000$3,140,0001.6%
Portola Valley3250%$3,150,000$2,843,00010.8%
Palomar Park10-$3,050,000$0-
Ladera220%$2,794,000$2,327,50020%
West Menlo Park42100%$2,787,500$2,175,00028.2%
Burlingame Hills20-$2,671,500$0-
Emerald Lake Hills7540%$2,160,000$1,430,00051%
Menlo Park2531-19.4%$2,070,000$2,350,000-11.9%

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