Altos Market Data for Realtors

Hoffman Estates, IL

Single-Family Homes

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Hoffman Estates, IL

Wed Oct 20 2021
This week the median list price for Hoffman Estates, IL is $344,500 with the market action index hovering around 69. This is an increase over last month's market action index of 68. Inventory has increased to 35. Click here to stay informed with the Hoffman Estates market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Hoffman Estates, IL

Wed Oct 20 2021
This week the median list price for Hoffman Estates, IL is $344,500 with the market action index hovering around 69. This is an increase over last month's market action index of 68. Inventory has increased to 35. Click here to stay informed with the Hoffman Estates market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Hoffman Estates market.
Median List Price $344,500
Median Price of New Listings $335,000
Per Square Foot $203
Average Days on Market 42
Median Days on Market 35
Price Decreased 34%
Price Increased 0%
Relisted 11%
Inventory 35
Median Rent $2,450
Market Action 69
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$442,450 2,820 0.25 - 0.5 acre 4 2 39 3 3 49
$385,000 1,692 8,000 - 10,000 sqft 4 2 50 2 4 49
$325,000 1,612 8,000 - 10,000 sqft 4 2 53 4 1 14
$304,850 1,372 8,000 - 10,000 sqft 3 1 55 3 2 21