Hoffman Estates, IL Home Values & Market Trends
Real estate market trends reflect that there have been 672 transactions over the past year in Hoffman Estates. The median value for residential home transactions that occurred over the previous year is $341,511.83. The number of current listings in Hoffman Estates is 16, and the percentage of properties for sale in the city is 16.00%. Hoffman Estates, IL currently has 49 properties in foreclosure, 0 bank owned properties, 5 properties headed for auction, and 16 properties for sale.
Hoffman Estates, IL Real Estate Market Overview
Housing Market Summary for Hoffman Estates, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $325K | $335.8K | 3.31% |
| Median Sold Price | $332.4K | $335.8K | 1.01% |
| Homes For Sale | 17 | 16 | -5.88% |
| Homes Sold | 388 | 441 | 13.66% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Hoffman Estates, IL
Browse Homes in Hoffman Estates, IL
Hoffman Estates home values range from $68,978 to $1,923,750. The median estimated value of a home in Hoffman Estates is $341,511.83. The median list price of a home is 325,000, and the total count of properties in the city is 16,763.
- Pre-ForeclosurePre-foreclosure homes account for 0.26% of all residential properties in Hoffman Estates, IL with 60169 containing 36 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Hoffman Estates, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $460,878 in 60192 to the lowest home value of $117,428 in 60169.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Hoffman Estates, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Hoffman Estates, IL. There are 3 zips within Hoffman Estates, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60169 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Hoffman Estates, IL. Auction homes and other auction properties account for 0.03% of all properties in Hoffman Estates, IL. There are 3 zips within Hoffman Estates, IL; of those zips, the median estimated home value for homes going to auction ranges from $379,927 in 60169 to the lowest value of $298,652 in 60169.
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