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How are Hoffman Estates Homes selling in Fall?

By
Real Estate Agent

hoffman estates home sales

 

The things that you will need to know if you are planning on selling is how is the market doing in Hoffman Estates. Here's a few stats to help give you an idea.

What is the percentage of homes that are going under contract each month in Hoffman Estates?  10% of total homes listed in October.  This percentage tells you if the market is flat, on the up or decline based on homes going under contract. It shows you the 'action' that buyers are taking in the market. Buyers are not in a rush with this percentage - market is cool that's for sure.

What is the inventory level in Hoffman Estates?

The lower the level of homes on the market the better the market is for a seller. Currently we have been in a sellers market and the lower the level of homes the better the market is for a seller.  It is 6.3 months of inventory for October which is the highest so far in 2019.
 

How many days does it take for an average home in Hoffman Estates to sell?

This tells you exactly how long a home sale took from 1st day on market to contract acceptance. I think that many people will be shocked to see the higher numbers as we have been told by the 'talking heads' in the media that homes are flying off the market. For October it was 103 days on the market. It has been increasing over the last 3 months.

Average Hoffman Estates home price for August was $333,700.

 

Hoffman Estates homes sold

 
If you are reading this update to sell your Hoffman Estates home, please contact me to discuss my marketing program putting your home front & center. Let's get your home seen and 'SOLD'.

If you are thinking of buying a home in Hoffman Estates, I can act as your advocate for your purchase. An experienced veteran, like myself, can advise a strategy and help you take advantage of current buying trends. The interest rates are great increasing your purchasing power.

 

 

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Posted by

 

  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)962-7104
 
 
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Comments (3)

Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I reviewed their storm retention and waste water design permit in most of Centrex homes when I got my first job there with Ill State. 

Nov 11, 2019 07:51 AM
Lyn Sims

yep, Sam, Centex built a lot of homes here.

Nov 11, 2019 07:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Lyn... your market is an exact opposite of mine... our inventory continues to decrease while buyer demand continues to increase.

Nov 11, 2019 08:13 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Thinking for my own for once, I notice you have shared some great information here.

Dec 30, 2019 10:26 AM