Photo: Teemu008 from Palatine, Illinois · CC BY-SA 2.0535 homes sold in Hoffman Estates in the last year, at a typical $398K
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Hoffman Estates homes are listed.
Every place Hoffman Estates homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Hoffman Estates.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
16% of Hoffman Estates’ sales are condos, at $273K less than a house
320 houses and 87 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 320 sold in 12 months
- Per square foot
- $252IL $180
- Days to sell
- 50
- Sold over asking
- 54%
- Listings with a price cut
- 12%
typical sale · 87 sold in 12 months
- Per square foot
- $203IL $251
- Days to sell
- 60
- Sold over asking
- 32%
- Listings with a price cut
- 17%
Townhouses: 128 sold, typical $350K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.7 times the 2016 price
535 sales in the last year, against 892 in 2021 and a low of 504 in 2025. The typical sale went from $238K in 2016 to $398K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Hoffman Estates
Check a listing against what Hoffman Estates homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Hoffman Estates are more common than before the pandemic, but 55% fewer homes come up for sale
We read every month of Hoffman Estates’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 535 sales.
If you’re buying in Hoffman Estates
- Shop in March. It brings about 88 new listings a month, close to the busiest month, with fewer bidding wars (31% over asking).
- Less room to haggle. Only 13% of listings cut their price, against 24% before the pandemic.
- Bid near asking. Buyers paid 100.5% of the list price on average; 48% paid over.
- Move fast on good ones. 55% of homes are under contract within two weeks.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 100 a month), but May is the most competitive: 41% of May sales close over asking. March offers nearly as much choice with fewer homes bid up (31%). January has the least competition (19%) but only about 48 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Illinois
| Hoffman Estates now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 48% | 17% | 42% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 55% | 37% | 55% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 13% | 24% | 31% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 100.5% | 97.4% | 99.5% | 99.2% |
| Days to sellMedian days from listing to contract | 52 | 61 | 13 | 49 |
108 homes for sale on a typical day
That’s 1.5 times the 2021 low (75), 55% fewer than in 2017–19 and well under 2019’s 259.
1 in 7 listings has cut its price
13% in the last year, against 24% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 49%, condos 82%
A house typically sold for $465K in the last year (320 sales), a condo for $192K (87).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Hoffman Estates ranks 35th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Hoffman Estates is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Hoffman Estates home costs about $2,840 a month
Price: Hoffman Estates’ typical sale, last 12 months. Property tax at Hoffman Estates’ 2.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Hoffman Estates is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 28.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $398K home, about $9,150 a year.
Taxes vs. neighborsSchools
The schools grade for Hoffman Estates, from test results, graduation and how much students grow.
Schools in Hoffman EstatesTypical commute
The average one-way trip to work for people who live in Hoffman Estates.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
East Dundee sells for less a square foot
The busier markets within 25 miles of Hoffman Estates, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Schaumburg | 954 | $330K | $241 | 42% | 49 |
| Hoffman Estates | 535 | $398K | $234 | 48% | 52 |
| Streamwood | 487 | $327K | $228 | 48% | 48 |
| Hanover Park | 337 | $329K | $232 | 56% | 46 |
| Inverness | 103 | $803K | $239 | 27% | 63 |
| South Barrington | 67 | $1.1M | $235 | 27% | 87 |
| East Dundee | 46 | $318K | $193 | 39% | 50 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Hoffman Estates, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Hoffman Estates. People who follow the town see it, and so do people comparing Hoffman Estates with their own town. No commission, no listing fee.
Questions about buying a home in Hoffman Estates
What do homes sell for in Hoffman Estates, IL?
535 homes sold in the year to May 2026 at a typical $398K, $234 a square foot. Houses sold for about $465K, condos for about $192K.
Is Hoffman Estates a buyer’s or seller’s market?
A seller’s market: 131 homes were for sale in May 2026 and 57 sold, about 2.3 months of supply. Buyers paid 100.5% of asking on average, and 13% of listings cut their price.
When is the best time to buy in Hoffman Estates?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Hoffman Estates?
About 2.3% of a home’s value a year. On a $398K home that’s near $9,150.
Where can I see homes for sale in Hoffman Estates?
Zillow, Redfin, Realtor.com and Homes.com all carry Hoffman Estates’ MLS listings; the search links above open each one filtered to Hoffman Estates.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).