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Featured local agent — Hoffman Estates, IL
Sarah Mitchell
Compass Real Estate · Hoffman Estates, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hoffman Estates, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$427,000median sale price
How is the Hoffman Estates, IL housing market right now?
The median home sale price in Hoffman Estates, IL is $427,000, up 2.7% year-over-year. Homes sell in an average of 42 days with 131 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hoffman Estates a buyer's or seller's market?
Hoffman Estates, IL is currently a seller's market, based on 2.3 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
57
Last 12 weeks
Days on market
42
Average pace
Active listings
131
2.3 months supply
Sale-to-list
102.1%
Above asking
What does the Hoffman Estates housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $427,000 |
| Median list price | $425,000 |
| Year-over-year price change | +2.7% |
| Average days on market | 42 days |
| Active inventory | 131 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 102.1% |
| Median price per sq ft | $238/sq ft |
| Homes sold (latest month) | 57 |
| New listings (latest month) | 82 |
| Listings with a price cut | 15.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hoffman Estates by property type?
How the Hoffman Estates, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $490,000 | $261/sq ft | 37 | 41 days |
| Condo / Co-op | $181,000 | $200/sq ft | 11 | 34 days |
| Townhouse | $346,500 | $238/sq ft | 9 | 55 days |
Source: Redfin · Updated monthly
The Hoffman Estates housing market is currently classified as a seller's market with a median sale price of $427,000. Prices have risen 2.7% compared to last year, with homes spending an average of 42 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Hoffman Estates
There are currently 131 homes listed for sale in Hoffman Estates, Illinois. The median listing price is $425K.
Active listings
131
Homes on market
Median list price
$425K
Avg. days on market
42
Days until sale
New this week
82
Newly listed
Who lives in Hoffman Estates?
Population
51,186
Median income
$109,683/yr
Median age
38.9 years
Owner-occupied
74.2%
College grads
46.9%
Avg commute
30 min
Source: U.S. Census Bureau ACS
What are homes worth in Hoffman Estates?
Zillow home value
$412,866
Zillow rent index
$2,032/mo
Price-to-rent ratio
16.9x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Hoffman Estates?
Hoffman Estates is a community of approximately 51K residents with a median age of 38.9 years.The median household income is $109,683, which reflects a relatively affluent area with strong earning potential. 46.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 30 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Hoffman Estates offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hoffman Estates?
14 schools tracked · 9,896 students
The largest public schools serving Hoffman Estates, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
J B Conant High School
Grades 9-12 · 2,598 students
Hoffman Estates High School
Grades 9-12 · 2,095 students
Dwight D Eisenhower JHS
Grades 7-8 · 667 students
Frank C Whiteley Elem School
Grades K-6 · 564 students
Lakeview Elem School
Grades K-6 · 540 students
Neil Armstrong Elem School
Grades K-6 · 475 students
Fairview Elem School
Grades K-6 · 471 students
Lincoln Elementary School
Grades PK-6 · 469 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hoffman Estates, IL?
Want a head-to-head view? Compare Hoffman Estates side-by-side with any other U.S. city using our market-comparison tool.
Is Hoffman Estates a good real estate investment market?
For investors evaluating Hoffman Estates, the price-to-rent ratio of 16.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hoffman Estates's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hoffman Estates's median home price.
Frequently asked questions
What is the average home price in Hoffman Estates?
The median home sale price in Hoffman Estates is $427,000, up 2.7% from last year.
How long do homes stay on market in Hoffman Estates?
Homes typically spend 42 days on market before going under contract.
What is the median income in Hoffman Estates?
The median household income is $109,683 per year.
Is Hoffman Estates a buyer's or seller's market?
With 2.3 months of supply, Hoffman Estates is currently a seller's market.
What is the Zillow home value estimate for Hoffman Estates?
The Zillow Home Value Index (ZHVI) for Hoffman Estates is $412,866, representing the typical home value in the area.
What is the median condo price in Hoffman Estates?
The median condo/co-op sale price in Hoffman Estates, IL is $181,000, compared to $490,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hoffman Estates?
The median single-family home price in Hoffman Estates, IL is $490,000 (about $261 per square foot).
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