Real Estate Market Update for Hillsborough, NJ
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Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 33% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 380-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 9%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold decreased 40% year-over-year, and decreased 47% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Hillsborough, NJ
Area Information for Hillsborough, NJ
  • Population: 39,218
  • Median Age: 39.44 yr
  • Median Commute Time: 28.03 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 713/sq mi
  • Population Change Since 2000: 5.94%
  • Closest Airport: Newark Liberty International
  • Closest College: Somerset Christian College
  • Closest Jr. College: Raritan Valley Community College
  • Median Household Income: $107,491
  • Annual Residential Turnover: 14.43%
  • Median Years in Residence: 3.86 yr
  • Median Home Sales Price: $350,000
  • Closest Major Sports Team: Trenton Thunder
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Hillsborough, NJ
Median Age: 39.44 Married: 42% Number of Households: 14,127 Households with Children: 6,070
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Hillsborough, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Hillsborough Middle School 0.7 mi Public 7-8 4-5 3
      Triangle Elementary School 0.9 mi Public PRESCHOOL-4 4 4
      Auten Road School 0.9 mi Public 5-6 4 0
      Hillsborough Elementary School 1.6 mi Public K-4 3-5 4
      Sunnymead Elementary School 1.8 mi Public K-4 4 5
      Childtime Preschool 2.0 mi Private PRESCHOOL-K 0 0
      Temple Beth El 2.1 mi Private PRESCHOOL-K 0 0
      Hillsborough High School 2.2 mi Public 9-12 4-5 3
      Goddard School-hillsborough 2.2 mi Private PRESCHOOL-K 0 0
      Mulberry Child Care Pre School 2.3 mi Private - 0 0
      Bright Horizon 2.3 mi Private PRESCHOOL-K 0 0
      A Childs Places 2.4 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center 2.5 mi Private PRESCHOOL-K 0 0
      Somerset Valley Ymca-gs Lowe Center 2.6 mi Private PRESCHOOL-K 0 0
      Robbins Nest Child Care Center 2.9 mi Private PRESCHOOL-K 0 0
      Immaculate Conception School 3.4 mi Catholic PRESCHOOL-8 0 5
      Somerville Middle School 3.5 mi Public 6-8 2-5 5
      Bright Hooizon Of Branchberg 3.5 mi Private PRESCHOOL-K 0 0
      Apples & Books Learning Center 3.7 mi Private PRESCHOOL-K 0 0
      Immaculata High School 3.9 mi Catholic 9-12 0 4
      Somerville High School 3.9 mi Public 9-12 3-5 5
      Van Derveer Elementary School 3.9 mi Public PRESCHOOL-5 2 4
      All Day Learning Centers 4.1 mi Private PRESCHOOL-K 0 0
      All Day Learning Center 4.1 mi Private - 0 0
      Woods Road Elementary School 4.3 mi Public PRESCHOOL-4 5 5
      Stony Brook Elementary School 4.4 mi Public 4-5 4 5
      Amsterdam School 4.5 mi Public PRESCHOOL-4 4 4
      Apples,books,bugs,stick Ii School 4.7 mi Private K-K 0 0
      Central Middle School 4.9 mi Public 6-8 4-5 0
      Kangaroo Kids Child Cnt 5.4 mi Private PRESCHOOL-K 0 0
      Kinder Care Learning Center 5.7 mi Private PRESCHOOL-K 0 0
      The Goddard Schjool Of Branchburg 6.3 mi Private PRESCHOOL-K 0 0
      Woodfern Elementary School 6.4 mi Public K-4 3-5 5
      Ethicon Family Center 7.4 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Hillsborough, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.