Hillsborough Housing Update: $5.6M Median Sale Price, Tight Inventory
Hillsborough, CA – March 24, 2026 – Luxury home prices remain elevated, inventory is limited, and sales activity is steady in early 2026.
Hillsborough’s luxury market is holding firm this spring, with prices elevated and inventory still limited.
Top takeaways
- Median sale price in February 2026: about $5.6M, up 1.1% year over year.
- Homes averaged 13 days on market, unchanged from a year ago.
- Typical home value: about $4.95M, up 5.3% over the past year.
- Active listings remain slim, with 14 homes for sale at the end of February.
Market snapshot
Redfin reports a February 2026 median sale price of roughly $5,586,780, with six homes sold during the month. While sales volume dipped slightly from last year, properties continue to move quickly, averaging just under two weeks on market.
Zillow’s Home Value Index shows a typical home value near $4,945,845 as of January 31, 2026, reflecting a 5.3% annual gain. Inventory remains constrained: Zillow reported 14 homes for sale and four new listings as of February 28, 2026.
On the listing side, Realtor.com shows a median listing price around $7,590,000, underscoring the town’s position in the upper tier of the Peninsula market. The combination of high list prices and relatively fast sales suggests well-priced homes are still attracting decisive buyers.
Policy and regional context
State housing policy continues to evolve. Senate Bill 79, adopted in 2025, will take effect July 1, 2026, and allows multi-story multifamily housing near qualifying transit stops statewide unless a locality adopts a compliant alternative. While Hillsborough is largely single-family and low-density, broader regional zoning changes could influence long-term land-use conversations across San Mateo County.
What to watch
With mortgage rates in the Bay Area recently reported below 6% in mid-March updates, buyer activity across luxury segments bears watching as the spring season progresses. In a town where even small shifts in inventory can sway pricing, new listings over the next 60 days will be key.
Are you seeing more off-market activity or competitive offers in your neighborhood this spring?
Sources
https://www.redfin.com/city/8642/CA/Hillsborough/housing-market
https://www.zillow.com/home-values/55743/hillsborough-ca/
https://www.realtor.com/realestateandhomes-search/Hillsborough_CA
https://en.wikipedia.org/wiki/California_Senate_Bill_79