Northwest Suburban Chicago, Hoffman Estates IL, Homes Available and Market Times, October 2007

There is a larger amount of inventory thruout the Chicago Northwest Suburban Market which includes the Hoffman Estates/Schaumburg areas.  Sellers are competing to make their homes standout and enhance their chances of getting an offer.  Prices have held between 3 to 4% from the listing price over the last 9 months of 2007.

Here is a chart of ACTIVE Single Family Home Prices in Hoffman Estates with the MARKET TIMES posted as "Average Days on the Market".

There are currently 235 single family homes available with an average sale price of $376,700 with the Average Market Time of 181 days.

There have been 280 sold and closed homes with the average price of $384,700 with the average market time of 181 days. 

GOOD NEWS IS THAT THE AVERAGE SALES PRICE IS ACTUALLY HIGHER THAN SCHAUMBURG BY OVER $45,000.

Status: Active   Property Type: Detached Single   Area: Hoffman Estates   Months Back: All Months

Active Listings

List Price Range # Listings Avg. Days on Mkt $150,000 - $199,999 1 108 $200,000 - $249,999 8 173 $250,000 - $299,999 59 155 $300,000 - $349,999 54 153 $350,000 - $399,999 33 201 $400,000 - $449,999 26 286 $450,000 - $499,999 24 197 $500,000 - $549,999 16 145 $550,000 - $599,999 9 133 $600,000 - $699,999 3 358 $700,000 - $799,999 1 160 $800,000 - $899,999 1 66

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 235 181 $348,900 $376,722 $839,900 $199,900 $88,529,758

SOLD PROPERTIES IN HOFFMAN ESTATES IL

Status: Active, Pending, Closed   Property Type: Detached Single   Area: Hoffman Estates   Months Back: All Months   Closed Date: 01/01/2007-10/08/2007

Sold Properties

Sold Price Range # Listings Avg. Days on Mkt $200,000 - $249,999 16 55 $250,000 - $299,999 58 85 $300,000 - $349,999 52 103 $350,000 - $399,999 37 104 $400,000 - $449,999 37 104 $450,000 - $499,999 32 60 $500,000 - $549,999 25 76 $550,000 - $599,999 15 33 $600,000 - $699,999 8 81

Sold Properties Summary

# Units Avg. MT Median Sold Price Avg. Sold Price Max. Sold Price Min. Sold Price Total Volume 280 85 $364,172 $384,727 $643,238 $210,000 $107,723,521

To search for homes currently available & completely "up to date" in the Hoffman Estates Il area, please go to my website at www.LynSims.net to begin your house hunt!

Tips to sell your home faster and for more money in the "Sell your Property" section of my site. Great consumer advice whether you are a buyer or a seller.

If you are looking to find or sell a home in the Hoffman Estates IL area, please feel free to contact Lyn Sims of Re/Max Suburban at 847-230-7324 or 800-637-9345 Outside IL.  I can provide you with information on many of the area communities quickly.

Please contact me, I'm ready to buy or sell a home!