Is Hoffman Estates, IL 60192 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Hoffman Estates is a seller’s market. With about 1.4 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score81/ 100

More competitive than 86% of U.S. ZIP codes, and #72 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.4Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list102.1%Sold price ÷ list price
Median days on market47Listing to accepted offer
Median price per sq ft$249▲ +11.3% vs. last year

The Hoffman Estates housing market right now

In the three months ending August 31, 2026, 50% of homes in Hoffman Estates, IL 60192 sold above their list price, the typical home went under contract in 47 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 70 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 44%, homes sold faster (53 days then) and the median sale price rose 16% to $563,756. Overall, Hoffman Estates is more competitive than a year ago, so tougher for buyers.

Within Cook County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 64%. On our competition score, Hoffman Estates ranks #72 of 464 IL ZIP codes with enough sales (score 81 out of 100).

Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.

Nearby markets

Alsip 60803Seller’s market $202 /sq ftArlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ft Browse all markets →

Where Hoffman Estates is

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Questions about Hoffman Estates real estate

Is Hoffman Estates a buyer’s or seller’s market?

A seller’s market: there were 1.4 months of supply in Hoffman Estates, IL 60192 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Hoffman Estates?

The typical home went under contract in 47 days in the latest three months.

Do homes in Hoffman Estates sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 102.1% of the list price.

What are property taxes in Hoffman Estates?

About 1.91% of a home’s value a year in Cook County, or roughly $7,640 on a $400,000 home.

What is the median home price in Hoffman Estates?

The median sale price was $563,756 in the three months ending August 31, 2026, about $249 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology