All Home Types
Hoffman Estates, IL Housing Market
What is the housing market like in Hoffman Estates today?
In August 2023, Hoffman Estates home prices were up 1.1% compared to last year, selling for a median price of $335K. On average, homes in Hoffman Estates sell after 39 days on the market compared to 51 days last year. There were 59 homes sold in August this year, down from 72 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$335,000
+1.1% YoY | Aug 2023
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2023
Growth
% YoY
Hoffman Estates, IL
$335,000
+1.1%
United States
Hoffman Estates Migration & Relocation Trends
In Jul '23 - Sep '23, 16% of Hoffman Estates homebuyers searched to move out of Hoffman Estates, while 84% looked to stay within the metropolitan area.
- Across the nation, 4% of homebuyers searched to move into Hoffman Estates from outside metros.
- Denver homebuyers searched to move into Hoffman Estates more than any other metro followed by Rockford and Peoria.
Where are people moving to Hoffman Estates from?
- 84% of Hoffman Estates homebuyers searched to stay within the Hoffman Estates metropolitan area.
- Milwaukee was the most popular destination among Hoffman Estates homebuyers followed by Cape Coral and Miami.
Where are people from Hoffman Estates moving to?
Number of People Moving to Hoffman Estates
least
most
People are moving to Hoffman Estates from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jul '23 - Sep '23 | ||
| 1 | 3,533 | ||
| 2 | 1,178 | ||
| 3 | 1,168 | ||
| 4 | 1,154 | ||
| 5 | 879 | ||
| 6 | 801 | ||
| 7 | 781 | ||
| 8 | 515 | ||
| 9 | 459 | ||
| 10 | 329 | ||
People are leaving Hoffman Estates for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jul '23 - Sep '23 | ||
| 1 | 1,829 | ||
| 2 | 1,340 | ||
| 3 | 1,155 | ||
| 4 | 1,029 | ||
| 5 | 929 | ||
| 6 | 863 | ||
| 7 | 857 | ||
| 8 | 814 | ||
| 9 | 804 | ||
| 10 | 789 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Transportation in Hoffman Estates
Learn about the walkability, bikeability, and transit-friendliness of Hoffman Estates
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