Hoffman Estates Real Estate Market Update September 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 6.33 months supply of inventory on the market in Hoffman Estates on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Hoffman Estates last month was 30 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 August 1, 2018 through August 31, 2018 was 83 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 $137/Sq.Ft, which is 105% an increase from last month.

In Hoffman Estates there were 19 units sold in August in the price range between $91,000 – $191,880 with an average of 2.4 bedrooms and 1.1 bathrooms and average Square footage of 1,154SF.

In Hoffman Estates there were 61 units sold in August in the price range between $191,881 – $513,079 with an average of 3.5 bedrooms and 2.2 bathrooms and average Square footage of 2,118SF.

In Hoffman Estates there were 3 units sold in August in the price range between $513,080 – $733,400 with an average of 4.3 bedrooms and 2.8 bathrooms and average Square footage of 3,540SF.

The low price range had the most activity. Homes up to $191,880 were on the market on average 32 days and sold an average of $146,421.

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!

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