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Thursday, November 28, 2024

Hoffman Estates (Cook County) home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Hoffman Estates in Cook County fell by $6,500 while total sales decreased by 14.8%, according to BlockShopper.com.

From April through June of 2019, there were 219 homes sold, with a median sale price of $258,500 - a 2.5% decrease over the $265,000 median sale price for the same period of the previous year. There were 257 homes sold in Hoffman Estates in the second quarter of 2018.

The median sales tax in Hoffman Estates for the most recent year with available data, 2018, was $6,145, approximately 2.4% of the median home sale price for the second quarter of 2019.

The following table compares Hoffman Estates to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Palatine376465-19.1%$265,000$275,000-3.6%
Orland Park304351-13.4%$260,000$262,000-0.8%
Brookfield101113-10.6%$260,000$244,0006.6%
Prospect Heights675717.5%$260,000$240,0008.3%
Willow Springs2937-21.6%$259,000$319,000-18.8%
Hoffman Estates219257-14.8%$258,500$265,000-2.5%
Elmwood Park90101-10.9%$255,000$277,500-8.1%
Bartlett93108-13.9%$255,000$237,5007.4%
Westchester94112-16.1%$248,500$244,0001.8%
Forest Park9598-3.1%$248,000$218,50013.5%
Elk Grove Village151158-4.4%$245,000$258,500-5.2%
* This story only considers sales data for the part of Hoffman Estates that is in Cook County.

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