Hoffman Estates Real Estate Market Update August 2018

By
Managing Real Estate Broker with Property Up Inc. #471.017853

Real Estate In Hoffman Estates is a balanced market favoring buyers. There is significant amount of homes for sale in Hoffman Estates, and buyers are not in a rush to buy yet. There is a 7.01 months supply of inventory on the market in Hoffman Estates on August 31, 2018.

Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Hoffman Estates last month was 31 days.
It took on average 31 days to sell Hoffman Estates Condo, Townhouse or a Duplex.
The number of home sales in Hoffman Estates from July 1, 2018 through July 31, 2018 was 74 units. That is 1% above the number of homes sold last month in Hoffman Estates.

The average price per square foot in the area is now $136/Sq.Ft, which is 2% a decline from last month.

In Hoffman Estates there were 11 units sold in July in the price range between $80,000 – $184,572 with an average of 2.1 bedrooms and 1.1 bathrooms and average Square footage of 1,028SF.

In Hoffman Estates there were 61 units sold in July in the price range between $184,573 – $494,126 with an average of 3.6 bedrooms and 2.2 bathrooms and average Square footage of 2,033SF.

In Hoffman Estates there were 2 units sold in July in the price range between $494,127 – $699,110 with an average of 4.5 bedrooms and 2.6 bathrooms and average Square footage of 3,033SF.

The low price range had the most activity. Homes up to $184,572 were on the market on average 49 days and sold an average of $121,045.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Hoffman Estates. Search all Hoffman Estates homes for Sale on propertyup.comIf you are considering viewing Hoffman Estates, you may want to do so now!

Posted by

John Herman

Licensed Illinois Managing Broker

Property Up Inc.

Call Now  (847) 847-4711 For Real Estate Service.

 

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Illinois Cook County Hoffman Estates
Tags:
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Rainmaker
375,437
Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Specialist

John, thanks for the update on Hoffman Estates! My wife used to live in the area and went to Hoffman Estates High School. It's a great suburb of Chicago. Have a great evening!

Aug 19, 2018 06:47 PM #1
Rainmaker
1,132,314
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Your latest market snapshot report and graphs are very helpful for those looking to buy or sell. Thanks for the update. 

Aug 20, 2018 12:12 AM #2
Rainmaker
2,851,454
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great report, thanks for sharing.  Very helpful information for buyers and sellers in your area.

Aug 20, 2018 04:25 AM #4
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John Herman

Licensed Illinois Managing Broker- Property up Inc
Licensed Illinois Barrington Managing Broker
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