Altos Market Data for Realtors

Hoffman Estates, IL 60169

Single-Family Homes

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Hoffman Estates, IL 60169

Wed Oct 09 2024
This week the median list price for Hoffman Estates, IL 60169 is $392,494 with the market action index hovering around 68. This is less than last month's market action index of 71. Inventory has increased to 16. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Hoffman Estates, IL 60169

Wed Oct 09 2024
This week the median list price for Hoffman Estates, IL 60169 is $392,494 with the market action index hovering around 68. This is less than last month's market action index of 71. Inventory has increased to 16. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Hoffman Estates market.
Median List Price $392,494
Median Price of New Listings $409,945
Per Square Foot $245
Average Days on Market 46
Median Days on Market 32
Price Decreased 56%
Price Increased 6%
Relisted 44%
Inventory 16
Median Rent
Market Action 68
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$469,950 1,879 0.25 - 0.5 acre 4 2.3 58 1 1 7
$418,450 1,778 8,000 - 10,000 sqft 4 2 56 2 0 59
$382,200 1,573 0.25 - 0.5 acre 3 2 63 0 1 77
$336,950 1,273 0.25 - 0.5 acre 3 2 66 1 2 10