Hoffman Estates, IL

The table below lists all of the single family detached and single family attached homes currently on the market in Hoffman Estates, IL The data lists available homes by price range with average time on market in each range.

Included in this list are many Foreclosures and Short Sale properties. Contact us for information on how we may assist you in seeing these properties.

Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria.

Active Listings

List Price Range # Listings Avg. Days on Mkt Less than $49,999 15 250 $50,000 - $99,999 52 224 $100,000 - $149,999 30 264 $150,000 - $199,999 41 314 $200,000 - $249,999 38 262 $250,000 - $299,999 18 211 $300,000 - $349,999 20 311 $350,000 - $399,999 12 232 $400,000 - $449,999 16 236 $450,000 - $499,999 7 165 $500,000 - $549,999 5 337 $550,000 - $599,999 2 100 $600,000 - $699,999 1 355

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 257 257 $197,500 $214,145 $603,800 $29,900 $55,035,393

Hoffman Estates IL Home Search - Find your new home right here!

There's been much talk (chatter by the national talking heads) in the media about our Northwest Suburban and Hoffman Estates home values returning to a previous level. I read these reports constantly, day in and day out and wonder to myself 'How do they know this stuff when I don't even know it!'

Real estate is unique in that it is very local in nature. In fact, real estate is so unique it can even be broken down further to say that neighborhoods even in the same town will been effected differently. What happens in one subdivision doesn't necessary happen in another. What effects one subdivisions appeal doesn't effect another that's even similar. So 'painting with a broad brush' is not possible in our Hoffman Estates neighborhoods.

Any Hoffman Estates real estate professional I will challenge because they cannot say with absolute certainty that market prices have fallen 10% or even 20% (you pick the number here). 'Painting with that broad brush' just cannot be done. Many variables have effected your home's values and each subdivision should be considered on it's own merit.

How many short sales have been in the area?

How many foreclosures have decimated prices?

One constant that I will say with certainty is that the more homes for sale in a particular subdivision essentially effects the overall sales prices. The more sellers that compete for the smaller buyer pool effects the sales prices. Each seller is eager to obtain their own goals whether a transfer, death, birth or divorce. It's the economic market standard of supply and demand.

The graph that I present is for the average sales prices per year for Hoffman Estates homes. I've given you a 10 year sampling of prices (MLS closed only) so you can actually see the rise of the market and also the fall. According to this graph, 'prices have corrected themselves' to 2002 sales levels.

We need less homes on the market to create the equilibrium for prices to increase in the future.

Market Update

Disclaimer: NAR (National Association of Realtors) does not provide these numbers to their members. MRED, the area MLS, does not provide this figures which I had to compile for this presentation. I feel confident in their accuracy to report to my readership.

Looking for a home in the Hoffman Estates IL area?

Check out what's available in Hoffman Estates IL Homes now!

These are the current market numbers and availability for Hoffman Estates IL Homes. Lots of great home selections (142 total) with some below the $150,000 range and we've got great custom construction for price ranges above that!

Best selection is between $150,000 to $250,000. The current average listing price for Hoffman Estates Homes is $295,000. Some 'handyman specials, foreclosures and fixer uppers' are available for buyers trying to get instant equity in the market by doing the work themselves! If you consider yourself handy some start at just $84,900 so you better get movin' on those!



Begin your search for what's currently available in Hoffman Estates IL Homes.

Other interesting articles and ideas for sellers or buyers are also available at my main website to make you market 'savvy' before you start your home adventure! Check it out when you get a few minutes.

Hoffman Estates IL has two school districts - Consolidated U-46 and District 54. I can provide you with lots of information about school districts and the schools themselves.