Hoffman Estates Real Estate Market Update October 2018

Real Estate In Hoffman Estates is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.73 months supply of inventory on the market in Hoffman Estates on October 31, 2018.
 
 
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HOFFMAN ESTATES, Ill. - Oct. 30, 2018 - PRLog -- Real Estate In Hoffman Estates (https://propertyup.com/realestate/hoffman+estates,illinois) is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.73 months supply of inventory on the market in Hoffman Estates (https://propertyup.com/sale/hoffman+estates,illinois) on October 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Hoffman Estates (https://propertyup.com/sale/house-hoffman+estates,illinois) last month was 28 days.
It took on average 26 days to sell Hoffman Estates Condo (https://propertyup.com/sale/condos-hoffman+estates,illinois), Townhouse or a Duplex.
The number of home sales in Hoffman Estates from September 1, 2018 through September 30, 2018 was 64 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 $133/Sq.Ft, which is 16% a decline from last month.

In Hoffman Estates there were 15 units sold in September in the price range between $68,000 – $174,557 with an average of 2.1 bedrooms and 1.3 bathrooms and average Square footage of 1,180SF.

In Hoffman Estates there were 44 units sold in September in the price range between $174,558 – $488,536 with an average of 3.4 bedrooms and 2.1 bathrooms and average Square footage of 1,910SF.

In Hoffman Estates there were 5 units sold in September in the price range between $488,537 – $695,960 with an average of 4.4 bedrooms and 3.3 bathrooms and average Square footage of 3,807SF.

The low price range had the most activity. Homes up to $174,557 were on the market on average 33 days and sold an average of $128,740.

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 (https://propertyup.com/realestate/hoffman+estates,illinois). Search all Hoffman Estates homes for Sale (https://propertyup.com/sale/hoffman+estates,illinois) on propertyup.comIf you are considering viewing Hoffman Estates (https://propertyup.com/sale/hoffman+estates,illinois), you may want to do so now!

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Tags:Hoffman Estates Property
Industry:Real Estate
Location:Hoffman Estates - Illinois - United States
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