All Home Types
Hoffman Estates, IL Housing Market
What is the housing market like in Hoffman Estates today?
In October 2024, Hoffman Estates home prices were up 1.5% compared to last year, selling for a median price of $381K. On average, homes in Hoffman Estates sell after 48 days on the market compared to 59 days last year. There were 45 homes sold in October this year, down from 49 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$380,500
+1.5% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Hoffman Estates, IL
$380,500
+1.5%
United States
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Hoffman Estates Migration & Relocation Trends
In Aug '24 - Oct '24, 14% of Hoffman Estates homebuyers searched to move out of Hoffman Estates, while 86% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Hoffman Estates from outside metros.
- New York homebuyers searched to move into Hoffman Estates more than any other metro followed by Peoria and St. Louis.
Where are people moving to Hoffman Estates from?
- 86% of Hoffman Estates homebuyers searched to stay within the Hoffman Estates metropolitan area.
- South Bend was the most popular destination among Hoffman Estates homebuyers followed by Milwaukee and Cape Coral.
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 | Aug '24 - Oct '24 | ||
| 1 | 2,053 | ||
| 2 | 1,103 | ||
| 3 | 730 | ||
| 4 | 670 | ||
| 5 | 488 | ||
| 6 | 449 | ||
| 7 | 414 | ||
| 8 | 321 | ||
| 9 | 194 | ||
| 10 | 169 | ||
People are leaving Hoffman Estates for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 1,552 | ||
| 2 | 1,440 | ||
| 3 | 1,373 | ||
| 4 | 1,096 | ||
| 5 | 870 | ||
| 6 | 766 | ||
| 7 | 689 | ||
| 8 | 670 | ||
| 9 | 608 | ||
| 10 | 604 | ||
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.
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Transportation in Hoffman Estates
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