In January 2017, there were 56 homes sold, with a median sale price of $224,500 - a 40.3% increase over the $160,000 median sale price for the same period of the previous year. There were 55 homes sold in Hoffman Estates in January 2016.
The median sales tax in Hoffman Estates for 2017 was $6,077. In 2016, the median sales tax was $5,969. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.
The following table compares Hoffman Estates to other Cook County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Indian Head Park | 5 | 8 | -37.5% | $255,000 | $186,000 | 37.1% |
| La Grange | 18 | 15 | 20% | $255,000 | $365,000 | -30.1% |
| Westchester | 29 | 15 | 93.3% | $230,000 | $185,000 | 24.3% |
| Bartlett | 24 | 12 | 100% | $225,250 | $227,500 | -1% |
| Olympia Fields | 7 | 6 | 16.7% | $225,000 | $167,500 | 34.3% |
| Hoffman Estates | 56 | 55 | 1.8% | $224,500 | $160,000 | 40.3% |
| Elk Grove Village | 38 | 28 | 35.7% | $224,000 | $200,750 | 11.6% |
| Brookfield | 26 | 19 | 36.8% | $222,750 | $208,000 | 7.1% |
| Harwood Heights | 9 | 9 | 0% | $221,000 | $215,000 | 2.8% |
| Norridge | 12 | 16 | -25% | $220,000 | $242,500 | -9.3% |
| Palatine | 83 | 79 | 5.1% | $215,000 | $162,000 | 32.7% |
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