Hoffman Estates Market Trends for February 2020

By
Real Estate Sales Representative with RE/MAX Suburban

Hoffman Estates home sales for the month of February decreased in volume by 42% when compared to last year, while the median sale price rose by 11.4% from $229,000 to $255,000. The number of Single Family homes sales decreased by 35.5%, while the median sale price rose by 7.4% from $270,000 to $289,950. Condo/townhome sales decreased by 52.6%, while the median sale price rose by 11.1% from $126,000 to $140,000.

» View homes for sale in Hoffman Estates   » View all recent sales in Hoffman Estates

Median Sale Prices for Hoffman Estates

250k
257k
239k
229k
250k
285k
272k
277k
295k
265k
250k
245k
242k
277k
252k
255k
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Number of Sales for Hoffman Estates

61
37
38
50
57
57
82
76
75
73
59
59
47
52
43
29
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Real Estate Sales for February in Hoffman Estates

  February Year to Date (Jan 1 - March 3)
  2019 2020 Change 2019 2020 Change
Homes Sold 50 29 -42% 93 73 -21.5%
(Single Family) 31 20 -35.5% 55 52 -5.5%
(Condos/Townhomes) 19 9 -52.6% 38 21 -44.7%
Median Sale Price $229,000 $255,000 +11.4% $233,000 $255,000 +9.4%
(Single Family) $270,000 $289,950 +7.4% $287,000 $285,500 -0.5%
(Condos/Townhomes) $126,000 $140,000 +11.1% $162,700 $167,000 +2.6%
Days on Market 27 62 +134% 40 46 +15%
(Single Family) 37 66 +78.4% 42 45 +7.1%
(Condos/Townhomes) 23 43 +87% 28 53 +92.7%

HomesByMarco has sold 35 homes in Hoffman Estates

Thinking of selling your home in Hoffman Estates? We are experts in the area. We'll sell your home quickly and for the highest price. Call Us Today!  888-32-MARCO

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Marco Amidei in an IL licensed real estate broker with RE/MAX Suburban. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than MRED Smart-Frame IDX Demo are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

© 2020 Midwest Real Estate Data LLC. All rights reserved.

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