Hoffman Estates, IL Real Estate & Property Data

Hoffman Estates Real Estate Market Trends
Last Updated: September 22, 2023

Accurate and comprehensive real estate data is critical for insight into Hoffman Estates, IL. ATTOM’s Hoffman Estates real estate data is updated daily, and current market trends show that in Hoffman Estates, IL a total of 668 residential properties have sold over the past year. With a median home price of $387,000 in Hoffman Estates and a total of 3 foreclosures. Get detailed property data for Hoffman Estates, IL instantly. ATTOM is your one-stop-shop for the Hoffman Estates property reports and real estate data you need in Hoffman Estates, IL.

Hoffman Estates Real Estate Market Trends
Total Residential Properties 16,000
Total Commercial Properties 267
Avg. Home Age (Single Family Home) 47 Years
Avg. Square Feet (Single Family Home) 1,892
Total 2023 Residential Sales (year-to-date) 314
% of Homes Seriously Underwater (Q3 2023) 0.58%
Total 2022 Residential Sales 773
% of Equity Rich Homes (Q3 2023) 46.8%
Effective 2022 Property Tax 1.8%
Total Foreclosure Filings (year-to-date) 43
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Hoffman Estates, IL Real Estate Overview

There were 668 residential properties sold in the past year in Hoffman Estates, IL. The median home value in Hoffman Estates, IL is $356,298. There are a total of 16,000 residential properties in the Hoffman Estates.

Median Sales Price i
$387,000
(Jul 2023)
-12%
year-over-year
y-o-y
  • July '23 Jul '23 $387,000
  • June '23 Jun '23 $395,000
  • May '23 May '23 $400,000
  • April '23 Apr '23 $391,500
  • March '23 Mar '23 $419,000
  • February '23 Feb '23 $367,000
  • January '23 Jan '23 $362,500
  • December '22 Dec '22 $390,000
  • November '22 Nov '22 $390,000
  • October '22 Oct '22 $390,000
  • September '22 Sep '22 $418,000
  • August '22 Aug '22 $397,500
Median Down Payment i
$50,125
(Jul 2023)
+20.7%
year-over-year
y-o-y
  • July '23 Jul '23 $50,125
  • June '23 Jun '23 $74,500
  • May '23 May '23 $55,750
  • April '23 Apr '23 $40,950
  • March '23 Mar '23 $39,598
  • February '23 Feb '23 $41,875
  • January '23 Jan '23 $62,500
  • December '22 Dec '22 $25,000
  • November '22 Nov '22 $64,200
  • October '22 Oct '22 $41,800
  • September '22 Sep '22 $68,500
  • August '22 Aug '22 $65,550
Number of Homes Sold i
55
(Jul 2023)
-23.6%
year-over-year
y-o-y
  • July '23 Jul '23 55
  • June '23 Jun '23 61
  • May '23 May '23 52
  • April '23 Apr '23 38
  • March '23 Mar '23 42
  • February '23 Feb '23 29
  • January '23 Jan '23 37
  • December '22 Dec '22 32
  • November '22 Nov '22 61
  • October '22 Oct '22 45
  • September '22 Sep '22 72
  • August '22 Aug '22 72
Number of Purchase Loans i
51
(Jul 2023)
-21.5%
year-over-year
y-o-y
  • July '23 Jul '23 51
  • June '23 Jun '23 54
  • May '23 May '23 42
  • April '23 Apr '23 34
  • March '23 Mar '23 30
  • February '23 Feb '23 23
  • January '23 Jan '23 32
  • December '22 Dec '22 28
  • November '22 Nov '22 49
  • October '22 Oct '22 41
  • September '22 Sep '22 63
  • August '22 Aug '22 61
Number of REFI Loans i
12
(Jul 2023)
-50%
year-over-year
y-o-y
  • July '23 Jul '23 12
  • June '23 Jun '23 13
  • May '23 May '23 16
  • April '23 Apr '23 17
  • March '23 Mar '23 12
  • February '23 Feb '23 6
  • January '23 Jan '23 10
  • December '22 Dec '22 13
  • November '22 Nov '22 11
  • October '22 Oct '22 13
  • September '22 Sep '22 20
  • August '22 Aug '22 11
Number of HELOC Loans i
17
(Jul 2023)
year-over-year
y-o-y
  • July '23 Jul '23 17
  • June '23 Jun '23 15
  • May '23 May '23 7
  • April '23 Apr '23 23
  • March '23 Mar '23 14
  • February '23 Feb '23 18
  • January '23 Jan '23 7
  • December '22 Dec '22 16
  • November '22 Nov '22 13
  • October '22 Oct '22 16
  • September '22 Sep '22 21
  • August '22 Aug '22 14

Hoffman Estates, IL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Hoffman Estates, IL Foreclosure Activity

There were a total of 3 Hoffman Estates, IL properties with a foreclosure filing in July 2023. Lenders started the foreclosure process on 1 Hoffman Estates, IL properties and repossessed 1 Hoffman Estates, IL properties through completed foreclosures (REOs) in July 2023.

Total Foreclosure Filings i
3
(Jul 2023)
-40%
year-over-year
y-o-y
  • July '23 Jul '23 3
  • June '23 Jun '23 4
  • May '23 May '23 6
  • April '23 Apr '23 9
  • March '23 Mar '23 8
  • February '23 Feb '23 5
  • January '23 Jan '23 8
  • December '22 Dec '22 11
  • November '22 Nov '22 5
  • October '22 Oct '22 10
  • September '22 Sep '22 6
  • August '22 Aug '22 7
Foreclosure Starts i
1
(Jul 2023)
-80%
year-over-year
y-o-y
  • July '23 Jul '23 1
  • June '23 Jun '23 4
  • May '23 May '23 5
  • April '23 Apr '23 4
  • March '23 Mar '23 6
  • February '23 Feb '23 3
  • January '23 Jan '23 5
  • December '22 Dec '22 8
  • November '22 Nov '22 2
  • October '22 Oct '22 9
  • September '22 Sep '22 4
  • August '22 Aug '22 4
Completed Foreclosures (REOs) i
1
(Jul 2023)
year-over-year
y-o-y
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 1
  • March '23 Mar '23 1
  • February '23 Feb '23 N/A
  • January '23 Jan '23 N/A
  • December '22 Dec '22 2
  • November '22 Nov '22 1
  • October '22 Oct '22 N/A
  • September '22 Sep '22 2
  • August '22 Aug '22 N/A
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