Hillsboro Housing Update: Values Up Year Over Year, Inventory Still Tight
Hillsboro, IL – March 18, 2026 – Home values are up sharply year over year, while active listings remain limited heading into spring.
Home values in Hillsboro, IL continue to show strong year-over-year gains as the market heads into the spring season, though the number of homes available remains relatively limited.
Top takeaways
- Typical home value around $142,000, up about 16% from a year ago.
- Roughly a dozen homes were listed for sale at the end of January.
- Recent sales have closed below asking price on average.
Market snapshot
According to Zillow data through January 31, 2026, the typical home value in Hillsboro is about $142,190, reflecting a 16.0% increase over the past year. That pace of appreciation stands out for a smaller Montgomery County community and suggests steady demand relative to supply.
Inventory remains lean. Zillow reported 14 homes for sale at the end of January, underscoring the limited selection buyers are navigating. In a market this size, even a handful of new listings can shift conditions quickly.
Realtor.com data from late 2025 indicates homes were selling for an average of about 6.66% below asking price in December. That gap suggests buyers have some negotiating room, particularly on properties that have been on the market longer.
What this means for buyers and sellers
For sellers, year-over-year value growth may support strong pricing strategies, especially for well-maintained homes. However, realistic pricing still matters if buyers are negotiating below list.
For buyers, limited inventory means fewer choices, but recent sale-to-list trends indicate opportunities to negotiate. Watching days on market and recent comparable sales will be key this spring.
Are you seeing more listings, price cuts, or quicker sales in your neighborhood this month?
Sources
https://www.zillow.com/home-values/85309/hillsboro-il-62077/
https://www.realtor.com/local/market/illinois/montgomery-county/hillsboro