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Hoffman Estates Real Estate Market Update July 2018

Author: John Herman
by John Herman
Posted: Jul 22, 2018

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 6.4 months supply of inventory on the market in Hoffman Estates on July 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Hoffman Estates last month was 33 days.

It took on average 22 days to sell Hoffman Estates Condo, Townhouse or a Duplex.

The number of home sales in Hoffman Estates from June 1, 2018 through June 30, 2018 was 90 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 $138/Sq.Ft, which is 0% an increase from last month.

In Hoffman Estates there were 14 units sold in June in the price range between $67,500 – $181,251 with an average of 1.9 bedrooms and 1.3 bathrooms and average Square footage of 1,055SF.

In Hoffman Estates there were 73 units sold in June in the price range between $181,252 – $529,640 with an average of 3.5 bedrooms and 2.2 bathrooms and average Square footage of 2,040SF.

In Hoffman Estates there were 3 units sold in June in the price range between $529,641 – $764,280 with an average of 4.3 bedrooms and 2.4 bathrooms and average Square footage of 3,468SF.

The low price range had the most activity. Homes up to $181,251 were on the market on average 20 days and sold an average of $131,400.

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!

Wonderful Hearth model located in High Point subdivision on a private dead end street! Four large bedrooms and lots of storage space. Cozy Fireplace in family room. Private yard with two patios. NEWER: Roof, soffits, facias, gutters, garage doors, A C unit, water heater & a High Efficiency Furnace. Large Master suite with walk in closet. Neutral decor. Close to shopping and expressways! Walk out lower level! Must see to appreciate all the this lovely home has to offer! Please note: Taxes DO NOT reflect home owners exemption. Great Schools! Get ready to call this HOME!

About the Author

Helping you make the right choices when it comes to all things property. Huge price reduction!!!lovely english cottage style ranch on beautifully wooded lot great location. Gated entry leads to charming walkway & welcoming porch.

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Author: John Herman

John Herman

Member since: Oct 11, 2017
Published articles: 130

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