Hoffman Estates Home Prices & Values

$217,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 15.7% 1-year change
  • 1.8% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Hoffman Estates is $217,200. Hoffman Estates home values have gone up 15.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Hoffman Estates is $136, which is higher than the Chicago Metro average of $122. The median price of homes currently listed in Hoffman Estates is $199,900 while the median price of homes that sold is $215,525.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Hoffman Estates is 8.4%, which is higher than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Hoffman Estates homeowners underwater on their mortgage is 27.9%, which is lower than Chicago Metro at 29.7%.

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Relative ZHVI
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Hoffman Estates Market Overview

Data through Feb 28, 2014
  • $217,200 ZHVI
  • 1.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Feb 28, 2015)
  • $199,900 Median listing price
  • $215,525 Median sale price
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Hoffman Estates Market Health

Data through Feb 28, 2014
  • 1.6/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
South Barrington $847,200 Barrington Hills $732,600 Inverness $553,500
Barrington $399,200 Bartlett $234,700 Roselle $210,600
Schaumburg $187,500 Hanover Park $153,500 Streamwood $146,900

Listings & Sales

Data through Feb 28, 2014
  • $136 Median list price / sq ft
  • $138 Median sale price / sq ft
  • 24.5% Listings with price cut
48.9%
Sold below listing
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Hoffman Estates Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,722 Hoffman Estates
$1,615 Chicago Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $1.20 Rent list price / sq ft
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