Altos Market Data for Realtors

Hoffman Estates, IL

Single-Family Homes

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Hoffman Estates, IL

Tue Sep 21 2021
This week the median list price for Hoffman Estates, IL is $399,900 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has decreased to 33. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Hoffman Estates, IL

Tue Sep 21 2021
This week the median list price for Hoffman Estates, IL is $399,900 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has decreased to 33. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Hoffman Estates market.
Median List Price $399,900
Median Price of New Listings $345,000
Per Square Foot $203
Average Days on Market 49
Median Days on Market 35
Price Decreased 45%
Price Increased 3%
Relisted 15%
Inventory 33
Median Rent $2,258
Market Action 68
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$564,499 3,625 0.25 - 0.5 acre 4 3 33 0 1 84
$423,949 2,343 0.25 - 0.5 acre 4 2 40 1 2 31
$369,450 1,701 0.25 - 0.5 acre 4 2 46 3 2 31
$309,900 1,440 0.25 - 0.5 acre 3 1 58 3 3 28