Is Hillsborough, NJ 08844 a buyer’s or seller’s market?

The Hillsborough housing market right now

In the three months ending August 31, 2026, 59% of homes in Hillsborough, NJ 08844 sold above their list price, the typical home went under contract in 21 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 149 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 72%, homes sold more slowly (19 days then) and the median sale price held steady to $669,710. Overall, Hillsborough is less competitive than a year ago, which gives buyers more room.

Within Somerset County, homes here sell faster than in 55% of the county’s ZIP codes, and sell less often over asking than in 55%. On our competition score, Hillsborough ranks #130 of 444 NJ ZIP codes with enough sales (score 87 out of 100).

Nearby, buyers who want less competition could look at Warren 07059 (39% sold over asking) or Watchung 07069 (46% sold over asking), while Bedminster 07921 (80% sold over asking) and Raritan 08869 (79% sold over asking) are even more competitive.